Business Opportunity: Warehouse Receipt System Is Increasingly Growing in Indonesia

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The Warehouse Receipt Registration Center, which is managed by PT Kliring Berjangka Indonesia, reported a significant increase in registered warehouse receipt activities. This shows that the economic activity in Indonesia is growing.

New business opportunities are wide open for business people with the current high growth of warehouse receipts in Indonesia.

It is noted, in the data recorded by PT Kliring Walk Indonesia, from the beginning of 2022 to February there were 83 warehouse receipts registered with the volume of goods reaching 2,067 tons with a financing value of Rp. 185.7 billion.

Meanwhile, in 2021, the number of warehouse receipts that were registered reached 633 warehouse receipts, or in the volume of 13,968 tons, with a financing value of Rp. 277 billion.

Achievements in 2021 have increased from 2020, where the number of registered warehouse receipts reached 427 warehouse receipts, in a volume of 9,590 tons, with a financing value of Rp. 93.8 billion.

This very bright prospect can be a new business opportunity, as said by Fajar Wibhiyadi, President Director of PT Kliring Berjangka Indonesia. He said that the use of warehouse receipts, which continued to experience growth, provided new business opportunities for businesses, namely by building WRS warehouses.

“Indonesia has wealth in the form of large commodities spread across various regions. And this of course will require warehouses to become WRS warehouses. “Businessmen or businesses can certainly build WRS warehouses in various regions to capture this great potential,” explained Fajar, quoted from his official statement, Friday (18/3/2022).

Regarding the WRS warehouse, Widiastuti, Head of the Guidance and Supervision of the Warehouse Receipt System and CoFTRA’s Commodity Auction Market, hopes that in the future, WRS warehouses can reach all regions in Indonesia. To that end, CoFTRA continues to communicate with stakeholders to increase the number of WRS warehouses.

“In addition to efforts to increase the number of WRS warehouses, through private warehouses to become WRS warehouses, so that the community and business actors can feel the benefits of the roles and benefits of WRS. CoFTRA also continues to monitor the existing WRS warehouses, so that they can become safe storage places for commodities, and meet existing quality standards,” he said.

Fajar added, as the Registration Center, his party will continue to improve services to the community, especially to farmers, commodity owners, and warehouse managers regarding warehouse receipt registration.

Following the Regulation of the Minister of Trade No. 14 of 2021 which is an amendment to the Regulation of the Minister of Trade No. 33 of 2020 concerning Goods and Goods Requirements that can be stored in the Warehouse Receipt System, commodities that can enter the Warehouse Receipt System include rice, grain, corn, coffee, cocoa. , rubber, salt, pepper, nutmeg, fish, shallots, rattan, tea, seaweed, gambier, tin, white crystal sugar, soybeans, and frozen carcass chicken.

For information, up to now, the number of active WRS warehouses is 233 warehouses. The existing WRS warehouses are spread across several provinces, such as Jakarta, West Java, Central Java, East Java, Yogyakarta, Bali, Sulawesi, Maluku, West Nusa Tenggara, Aceh, Maluku and Bangka Belitung.