Essential synergy to build the WRS ecosystem: Deputy Minister of Commerce
It is our collective duty to create an ecosystem that could support economic development for people
Jakarta (ANTARA) – Synergy is needed to build the Warehouse Receiving System (WRS) ecosystem in Indonesia to perform best and boost prosperity for Indonesian farmers, said Deputy Trade Minister Jerry Sambuaga .
In his statement received here on Friday, Sambuaga highlighted several factors necessary for building the WRS ecosystem.
The various crucial factors are the support of central and regional governments as well as WRS institutions, independent and professional warehouse managers, support infrastructure, creation of distribution networks and institutions of farmers or fishermen in warehouses. WRS.
“These factors can create an ecosystem that could support WRS, which can hopefully deliver economic benefits to a larger society,” Sambuaga said.
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“It is our collective duty to create an ecosystem that can support the economic development of the population,” he noted.
The Commerce Ministry has built the WRS since 2006 in order to address the challenges that farmers in the region face in getting a profitable price during harvest, he noted.
This construction is carried out by the Ministry’s Commodity Futures Trade Regulatory Agency (Bappebti) in cooperation with PT Kliring Berjangka Indonesia (KBI), a state-owned financial services company.
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The deputy minister revealed that to support the construction of WRS, the warehouses, as well as their facilities, were built using the state budget of the region where the production center resided.
“Currently, 123 WRS warehouses are being built by the ministry in several regions of Indonesia. With WRS, farmers can store their produce for three to five months, and they can sell it when the price is profitable, ”he noted.
The WRS can also be used as an instrument of the trade finance system through the distribution of credit to farmers and becomes the solution to solve the problem of oversupply, Sambuaga noted.
“The WRS is useful in maintaining the stability of commodity prices in the market and becoming the government instrument for the provision of national food,” he explained.
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