On December 22, the first pig industry risk management forum with the theme of “innovating financial instruments, empowering, ensuring supply and stabilizing price” was held. The forum was hosted by Hunan securities regulatory bureau, Hunan Local Financial Supervision Bureau, Hunan agricultural and rural department and Dalian Commodity Exchange, undertaken by Hunan Pig Industry Association and Hunan Futures Industry Association, CO organized by Dayou Futures Co., Ltd., President of Hunan Futures Industry Association, and supported by Caixin Futures Co., Ltd. and founder medium term Futures Co., Ltd.
Chen Guangming, a first-class inspector of Hunan securities regulatory bureau, presided over the forum. Cheng Weidong, deputy general manager of Dalian Commodity Exchange, Hu Jun, second level inspector of Hunan local financial supervision and Administration Bureau, and Qiu Bogen, second level inspector of Hunan agriculture and rural department attended the forum and delivered speeches. Hu Zhenhua, doctoral supervisor of Central South University, Chen Yaosheng, Professor of Sun Yat sen University and chief scientist of national pig industry technology system, Yu Yuan, senior executive manager of commodity department I of Dalian Commodity Exchange, and Zhuo Yuchao, director of Dekang agricultural and animal husbandry strategic investment and marketing department, made theme sharing respectively.
Cheng Weidong said that in the past year, the pig futures market has operated smoothly and orderly, and the price trend basically reflects the development expectation of the future spot market. After the first delivery in September this year, variety contracts were effectively tested, industrial customers increased steadily, and the functions of price discovery and hedging began to play gradually. Dachang exchange strengthened market risk prevention, ensured the safe and stable operation of pig futures, initially revealed market functions, continuously improved industrial participation, deepened industrial services, continued to promote market and industrial cultivation, deeply carried out “insurance + futures” projects in aquaculture, and helped small and medium-sized farmers operate steadily.
He said that Hunan Province, as a major pig breeding Province, has made important contributions to ensuring China’s pig supply and stabilizing pig prices. The CPC Hunan Provincial Committee and the Hunan provincial government attach great importance to the development of the pig industry and actively cooperate with large commercial exchanges. Hunan Local Financial Supervision Bureau and Hunan securities regulatory bureau have visited successively to promote the implementation of the “insurance + futures” project in Hunan, and actively introduce policies to introduce financial support. Dayou futures, as a local futures company in Hunan, gives full play to the professional advantages of industry finance combination and future cash linkage, Promote the active participation of industrial enterprises in the region to provide strong support for the smooth implementation of the project. Up to now, 7 of the 11 pig projects of “insurance + futures” in Hunan Province have received provincial financial subsidies, with a total support fund of 7.8824 million yuan. The pilot project represented by Cili County has effectively served the development of local pillar industries, driven employment through industries and helped Rural Revitalization.
Qiu Bogen said that Hunan is not only a big province of animal husbandry, but also a big province of breeding, which provides warm and moist soil for pig futures to give full play to its functions. The per capita feeding volume of pigs ranks first in the country, and the export of pork has remained first in the country for six consecutive years. Especially in recent years, Hunan Province has made great efforts to develop modern pig industry, and the total output value of pig breeding industry has reached more than 205 billion yuan, In the first three quarters of this year, the province sold 43.99 million pigs, ranking second in China and first in Central China, exceeding the level in the same period in 2017, and has completely returned to normal.
Qiu Bergen said that Hunan took the lead in actively exploring and carrying out the “insurance + futures” pilot in the country, and played a positive role in increasing modern industrial support, stabilizing industrial production and reducing pig risk. It was highly affirmed by the Ministry of agriculture and rural areas and widely welcomed by pig breeding enterprises. In the later stage, we should increase the publicity and training of pig futures, help enterprises understand, familiarize and use futures tools as soon as possible, constantly enrich pig futures varieties, promote diversified and personalized services, accelerate the coverage of the whole pig industry chain, and meet the multi group and multi operation of breeding, processing and operation.
(Securities Daily)
