The Ministry of Industry and Commerce launched the “Agricultural Commodity Exchange Development Project” in the end of the 1990s with the support of the World Bank, in order to solve marketing problems of the agricultural products and establish an efficient agricultural product market. As a result of this project, the legal framework for two-phased system as “Licensed Warehouse” and “Agricultural Commodity Exchange” was established 2005. This system will start a new era in the agricultural products marketing.
New investments were kicked off regarding the licensed warehouse by miscellaneous organizations in 2010. The Ege Agricultural Products Licensed Warehouse Inc. (ELÄ°DAÅž) was established in the leadership of Ä°zmir Commodity Exchange by 19 partner organizations on January 13, 2011. ELÄ°DAÅž which primarily operates on cotton warehousing has come into activity in 2013 after the warehouse with 15 thousand capacity was completed. ELÄ°DAÅž is the first licensed warehouse which issues Electronic Product Certificates (ELÜS) for the products stocked in the warehouse. The transactions take place on the Ä°zmir Commodity Exchange Electronic Platform (Ä°ZBEP).
For further information, please visit http://www.elidas.com.tr/ .
Back
