Tech-Bank Food Co.Ltd(002124) 5 on May 18, it was announced that the company and its subsidiaries planned to carry out commodity futures hedging business with self owned and self raised funds within the limit of 250 million yuan. The company's hedging business is limited to soybean meal, corn, soybean oil, pigs and other varieties related to the company's main business. The proposed hedging period is within one year from the date of deliberation and approval by the board of directors of the company. The company is mainly engaged in the production and sales of pigs. In order to lock in the company's product cost and product sales price and effectively avoid the risks caused by the price fluctuation of raw materials and inventory products in production and operation activities, the company plans to use commodity futures and commodity options for hedging business operation.
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