A study on Sustainable Efficiency of Licensed Warehousing System and Related Policies

Lisanslı

depoculuk sistemi veya diğer bir adıyla depo makbuz sistemi, dünyanın hemen her

kıtasındaki birçok ülkede benzer bir

mantıkla ve fakat farklılıklarıyla uzun yıllardan beri özellikle hububat başta

olmak üzere tarım ürünleri piyasasının etkin çalışması ve gıda arz güvenliğinin

daha iyi sağlanması amacıyla kullanılmaktadır. The system offers certified

storage services where depositors receive warehouse receipts proving ownership

and quality of stored goods. These receipts can be used as collateral for

access to credit or trade, thus helping producers postpone sales, stabilize

supply/prices, and improve market liquidity. The problems and risks on licensed

warehousing are weak legal/regulatory frameworks, the lack of quality control

and auditing, the low participation of banks and operational and governance

risks such as abuse, inadequate insurance, or poor record keeping, which can

lead to losses and systemic insecurity. Policy action and institutional

recommendations a clear legal framework for receipts and secured transactions,

model laws/guidelines that exemplify good practice should be adopted or adapted,

strong licensing, inspection, and audit regimes are crucial, linkages with

banks and credit sources are also important, insurance and risk management

tools are another important area, secure records, including electronic

warehouse receipts and digitalization of records, increase transferability,

reduce fraud, and expedite transactions , capacity building and stakeholder

engagement are another key aspect of licensed warehousing and warehouse

operators, banks, and regulatory personnel should be trained, and manufacturers

and traders should be consulted to establish trust and practical guidelines.

Licensed warehousing system in Türkiye came to agenda in 2005 by enacting the

low and implementation started in 2016 and reached the capacity od 13.6 million

tons. The benefits and shortcoming of the system in Türkiye are similar to

those in the world. Small size producers, instable incentives, imbalances in

capacity, high dependency on Grain Board, low awareness of producers about the

system and effective auditing are the other important obstacles for the system

to work effectively in sustainable manner. On the other hand, Uzbekistan does

not have a fully operational, market-style warehousing Receipt System, but does, however, have concrete legal and digital

building blocks that make a near-term transition feasible. Therefore, this would be one of the current

issues in Uzbekistan’s Agriculture and warehousing receipt system could be an

innovative solution. Examples of good practice in the world should be taken

into consideration while doing studies and implementing the system in

Uzbekistan.