The consideration of licensed warehousing system in Turkey hazelnut market

The Licensed Warehousing System (LWS) and commodity exchanges that specialize in trading of especially agricultural products are important structural factors that are recommended. Therefore, these are an important determinant for the transformation and development of agricultural products markets that are particularly durable and can be stored. The warehousing system transforms the way of accessing the desired structure, quality, quantity, and feature to the durable agricultural products. The commodity exchanges lead to the creation of substructure that facilitates the marketing and trading of these products. Evaluation of the examples of other countries and the advantages of these structures, Turkey first took steps in the legal dimension and then in the physical dimension. In durable agricultural products markets, LWS and system-related structures are thought to be transformative. And so the system ranks first among the recommendations given for the hazelnut product which our country has an important place in world production. For this reason, in the study, the developments that have taken place for LWS in Turkey have been examined. Besides, the processes for the integration of the hazelnut market into the system have been investigated. Although the executions constitute a small part of the hazelnut production volume, new steps have been taken for integration and structures have been created. The scope of the system is intended to be expanded in the agricultural market, but there are various situations in the hazelnut market. These are factors such as the producer is largely small in scale, informal relations developed by market actors over the years, the public intervention in the market for many years, and the habits created by this. These determinations are very important and it has been concluded that policy should be produced by examining them. Keywords: Hazelnut Product, Hazelnut Market, Licensed Warehousing System, Warehouse Receipt, Commodity Exchange