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Warehouse Receipts

Warehouse Receipts. The International Experience and Future Development Opportunities. Krassimir Kiriakov FAO WHR International Consultant Rome, June 20 th 2012. Market Deficiencies . - Lack of trade rules and underdeveloped domestic commodity market infrastructure

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Warehouse Receipts

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  1. Warehouse Receipts The International Experience and Future Development Opportunities Krassimir Kiriakov FAO WHR International Consultant Rome, June 20th 2012

  2. Market Deficiencies - Lack of trade rules and underdeveloped domestic commodity market infrastructure - Difficult access to international markets - High price of agricultural inputs - Lack of reliable storage facilities - Lack of reliable commodity quality standards - Lack of access to organized commodity markets (exchanges) - Very Limited access to short-term financing - Lack of reliable market information

  3. WHR System Advantages • Generate larger markets • Improve the overall marketing infrastructure • Identify the proper regulatory role for the government • Provides increased access to short-term credit • Develop new financial instruments • Attracts additional capital • Reduce the participants risk • product quality and quantity • reliable transactions • reduced performance risk

  4. Core Elements of WHR System : • Political Environment • Structural Components - Legislation - Licensing and Inspection - Public Warehouses - Warehouse Receipt - Financial Performance Guarantees

  5. FAO support for WHR A. Creating enabling environment : case study : Russia B. Project implementation: case study : Serbia C. Creating Knowledge Center:

  6. Future Development Opportunities • Central and Eastern Europe • Central Asia/Pacific Asia • Africa • Latin America

  7. Krassimir Kiriakov FAO, International Consultant 1000 Sofia Vitosha 63 blvd. +359 2 987 91 60 +359 888 327 529 krassi@vocaconsult.com THANK YOU FOR YOUR ATTENTION!

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