24 | 09 | 2017

 

First online lucerne hay trading facility for South Africa PDF Print E-mail

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The National Lucerne Trust have just announced the establishment of the first online lucerne hay trading facility for South Africa. For the first time now, lucerne hay producers will be able to sell lucerne hay lots through the NLT’s online website trading facility on an auction basis.

Sellers and buyers of lucerne hay can now register online at the NLT website and sellers can then register lucerne hay lots for sale through the NLT online auction on their website. Only lucerne hay analyzed and graded according to the NIR method will be sold through the online auction site. Registered buyers can then bid online on these lucerne hay lots and at closure of the bid period, the lot will be closed for bidding. On acceptance of the winning bid, the transaction will be concluded by the NLT between the bidder and the seller. The successful buyer then pay the seller through the NLT and delivery of the lucerne hay is arranged between the seller and the buyer. The buyer will be responsible for transport cost of the lucerne hay.

This new service by the NLT will enable producers to achieve market related prices for their lucerne hay products and according to Mr Derick Engelbrecht, the new system promise to deliver an important service to lucerne hay producers and consumers of lucerne hay. The grading of the lucerne hay according to the NIR method will be a guarantee of the quality of the lucerne.

The procedure for taking part in the online auction facility is briefly as follows:

  1. Go to the NLT website at www.lusern.org
  2. Register as member of the website.
  3. If you are a seller of lucerne hay, log in after registration and register the lucerne hay lots you wish to sell. The lots will then be listed on the online auction page.
  4. Buyers can then sign in after registration and bid on the different lucerne hay lots for sale.
  5. After closure of the auction period, bidding will close and the transaction will be concluded between the successful bidder and the seller.

Contact person. Mr Derick Engelbrecht, NLO, Tel +27 (0)44 – 272 8991, Oudtshoorn, South Africa.

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