Miller Magazine Issue: 128 August 2020

71 ARTICLE MILLER / August 2020 In order to ensure the sustainability of production in agri- cultural products of strategic importance and to prevent loss of quantity and quality after production, the licensed warehousing system has started to gain importance in Turkey as well as in developed countries. Licensed warehousing a system that facilitates and deve- lops the trade of agricultural products through Electronic Warehouse Receipts (ELÜS) which facilitates the trade of agricultural products, ensures warehouse construction at a high standard and capacity, ensures the safety of the product and maintains its quality, ensures the class and degrees of the products to be determined by inde- pendent authorized classifier laboratories, represents the ownership of the products, and provides financing, sales and delivery. The establishment and licensing procedures of the licen- sed warehousing company are carried out by the Ministry of Trade. As of today, licensed warehousing is available in cereals, legumes and oil seeds, cotton, hazelnut, olive, olive oil, dried apricot, raisin, pistachio and dairy products. In order to carry out licensed warehousing activities in accordance with the criteria specified in the relevant communiqué, 20,000 tons of cereals, 10,000 tons of cotton, 10,000 tons of nuts, 5,000 tons of table olives, 4,000 tons of olive oil, 5,000 tons of dried apricots, 2,000 tons of pistachio, 5,000 tons of raisin, 10,000 tons of milk powder and whey powder, 7,000 tons of butter and cheddar cheese have to be available. In order to obtain a license for storage facilities, the fa- cilities and the product to be stocked must be insured against all risks, and a guarantee of 15% of the warehou- se capacity will be provided at the market price of the product. The licensee business starts accepting products at the warehouse rental fee determined by the Mi- nistry of Commerce. It is mandatory that the ac- cepted product is delivered to the depositor by the licensed warehouse enterprise in the same quantity and quality. The storage period varies according to