PT Kliring Berjangka Indonesia (Persero) released the growth of Coffee Warehouse Receipt up to the third quarter of 2020. Data from the BUMN, which acts as the Warehouse Receipt Registration Center, states that in 2020 the use of Warehouse Receipt Receipts experienced a very significant growth. For the period up to the third quarter, there was a volume growth of 215% compared to the same period in 2019, from 160,000 kg until the third quarter of 2019 to 503,480 kg in the third quarter of 2020.
In terms of the value of financing, up to the third quarter of 2020 there was also a significant growth of 134%. The financing value for Gudang Kopi Receipt until the third quarter of 2020 is Rp. 19,536,500,000, - increased from IDR 8,340,000,000 in the same period in 2019. Meanwhile, in terms of the number of warehouse receipts issued, up to the third quarter of 2020, 26 warehouse receipts had been issued, an increase of 225% compared to the same period in 2019 with the number of issued 8 warehouse receipts.
Fajar Wibhiyadi, President Director of PT Kliring Berjangka Indonesia (Persero) said, the growth of Coffee Warehouse Receipt up to the third quarter of 2020 proves that warehouse receipts are increasingly in demand by commodity owners. "This is certainly in line with what the government hopes are, where commodity owners are expected to use warehouse receipts as an instrument to maintain price stability. As we can see, the impact of the Covid-19 pandemic has quite an impact on coffee commodity prices," Fajar said in his statement. quoted INDUSTRY.co.id, Saturday (31/10/2020).
Previously, the Ministry of Agriculture said that the price of coffee beans had decreased in 2020, from Rp. 68,000, - to Rp. 26,000, -. Production capacity also decreased by about 35% compared to national coffee production in 2019 which amounted to 760,963 tons. Fajar added, by increasing the use of warehouse receipts, especially for coffee commodities, his party hopes that it will be able to improve the welfare of the coffee commodity owners. "As a Warehouse Receipt Registration Center together with the Regulator, the Commodity Futures Trading Supervisory Agency (Bappebti), in the future, we will continue to socialize and educate commodity owners regarding the benefits of warehouse receipts," he added.
Regarding commodities that can be stored in the Warehouse Receipt System, Based on the Regulation of the Minister of Trade No. 33 of 2020, regarding Goods that can be stored in a warehouse in the context of implementing a warehouse receipt system, there are 18 (eighteen) types of commodities that are included in the warehouse receipt system scheme, namely Grain, Rice, Corn, Coffee, Cocoa, Pepper, Rubber, Seaweed, Rattan, Salt, Gambir, Tea, Copra, Tin, Shallots, Fish, Nutmeg, and frozen chicken carcass. Of the various existing commodities, the utilization of warehouse receipts in 2020 shows a growth in the value of financing of 36% compared to Quarter III 2019 (yoy). As of the end of September 2020, there were 259 warehouse receipts issued, with a financing value of Rp. 56,813,026,916. For the same period in 2019, there were 299 warehouse receipts issued, with a financing value of Rp. 41,780,047,200. Fajar revealed that as a Warehouse Receipt Registration Center, his party will continue to encourage the use of warehouse receipts by providing applications to make it easier for commodity owners to register. "And some time ago, we have conducted socialization regarding the IS-Ware Next Gen application, which is a registration application based on Block Chain and Smart Contracts," he said. With this application, he continued, will make the implementation of warehouse receipt registration safer because it is supported by reliable and scalable technology. In addition, this application was developed to provide convenience and convenience to warehouse receipts for registering.
In the Warehouse Receipt System sector, PT Kliring Berjangka Indonesia (Persero) also encourages its subsidiary, PT Kliring Perdagangan Berjangka Indonesia to enter this sector by making business alliances with other corporations for REPO Warehouse Receipt. With this business pattern, it is hoped that it will be able to improve the warehouse receipt ecosystem, from upstream to downstream. "What we are trying to do in developing the utilization of warehouse receipts is of course in line with our position as a State-Owned Enterprise which has a role as an accelerator of the community's economy. And by utilizing this warehouse receipt, besides being able to improve the welfare of commodity owners, it is also hoped that it will be able to become one of them. factors driving national economic growth, "he said.
