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{
    "id": 831032,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/831032/?format=api",
    "text_counter": 129,
    "type": "speech",
    "speaker_name": "Mandera South, JP",
    "speaker_title": "Hon. Ali Adan",
    "speaker": {
        "id": 13418,
        "legal_name": "Adan Hajj Ali",
        "slug": "adan-haji-ali"
    },
    "content": "impersonal trade by reducing information asymmetry between counter-parties. Clause 20 of the Bill provides for the grading and weighing of products stored in a warehouse. Further, it stipulates that grading of agricultural commodities shall be undertaken by agricultural commodity graders certified by the Agriculture, Food and Fisheries Authority (AFFA). This means that once the commodities are brought to a warehouse, they are graded by certified graders and kept in the store. It does not matter whether it is yours. The next time you come and you want to trade with your commodity, you may get the commodity of another trader provided that it was graded and found to be exactly the same quality like the grains you deposited. They may use an inventory system where they can keep track of the commodities. They may use what we call the first-in, first-out (FIFO) or last-in, first-out (LIFO) systems to dispose of the commodities that have been stored in the warehouse. Once you bring your commodity into a warehouse and it is graded and checked by certified graders, you would not need to get the same one that you had initially brought into the warehouse. You can get any other because after all, all of them are of the same quality."
}