Bai Meiqing, President of China Feed Industry Association, suggested that the period of animal products should be put on the market

Introduction: Bai Meiqing, President of China Feed Industry Association, recently held the "2005 China feed enterprise profit increase and risk avoidance experience exchange conference" that feed enterprises should avoid risks through futures hedging, such as corn, soybean meal futures and other products through Dalian Commodity Exchange At the same time, China should also list livestock products futures, expand the means of risk aversion Bai Meiqing said that after China's accession to the WTO, China's dependence on foreign countries has increased, and the risks faced by enterprises are also magnified In the first half of last year, China's soybean imports suffered a serious setback, a large number of enterprises in the oil extraction industry lost money, and the corresponding soybean meal prices fluctuated at a high level, which had a great impact In the past few years, China's import of lysine and fish meal also suffered losses The recent sharp rise in the price of crude oil and iron ore also illustrates this point Therefore, feed enterprises should pursue not only the maximization of profits, but also the minimization of risks Bai Meiqing pointed out that at present, the risks of feed enterprises in China are manifested in three kinds of "common frequently occurring diseases": one is the risks of feed safety, such as mad cow disease, avian influenza, foot-and-mouth disease and other world animal husbandry epidemics; the other is the risks in feed market operation, such as blind expansion, blind investment and serious credit sales debts, As well as the risks brought about by the sharp increase of market prices, especially the prices of major raw materials, Chinese enterprises should pay special attention to the traps that cannot fall into the trap set by transnational corporations and speculative capital; the third is the legal risks, which are mainly manifested in the legal issues involved in the restructuring, reorganization, foreign investment, contract agreement, production and marketing behavior, etc In terms of the mechanism and Countermeasures to avoid risks, in addition to hedging in the futures market, baimeiqing also suggests that, first, it is necessary to establish an emergency plan to deal with risks, especially for the biggest risks that threaten the enterprise, to take effective measures to prevent and resolve them, not to be caught unprepared when the risks come Secondly, it is necessary to establish risk funds step by step and participate in various forms of insurance The third is to establish the mechanism and model of joint response to risks and the legal advisory system "2005 experience exchange conference of increasing profits and avoiding risks for Chinese feed enterprises" is jointly sponsored by Dalian Commodity Exchange and China Feed Industry Association At the meeting, Experts such as Ma Xianfeng, chief economist of Dalian Commodity Exchange, Li Xuansheng, deputy general manager of Donghai grain and oil, Dangjian, general manager of Shanghai medium term futures brokerage company, Cao Sheng, deputy general manager of Jingyi futures brokerage company, Ma Mingchao, general manager of Qingma investment consulting management company, Wu Xiangsheng, general manager of raw materials department of Shandong Liuhe group, etc will play the hedging function of futures market to serve feed enterprises to increase profits and avoid risks Need and make full use of the futures market to realize the win-win situation of oil and feed factories, and the Enlightenment of hedging and point price trading to feed enterprises, etc fully communicated with nearly 80 enterprise representatives attending the meeting.