Warehouse Receipts Unable to Support Salt Farmers
Banks are still reluctant to accept warehouse receipts from salt farmers as loan collateral because of uncertainty over the price of salt.
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Workers carry last year\'s salt from the warehouse onto trucks at the salt production center in Sedati District, Sidoarjo, East Java, Wednesday (24/6/2020).
Banks are still reluctant to accept warehouse receipts from salt farmers as loan collateral because of uncertainty over the price of salt. As a result, the warehouse receipt system, which is expected to help salt farmers, cannot be optimally used.
JAKARTA, KOMPAS — The fall in the prices and demand of locally produced salt has hampered the implementation of a salt warehouse receipt system introduced by the government, when in fact, warehouse receipts should be able to help salt farmers secure decent prices.