Oil and fat enterprises should be protected by futures trading
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: recently held by the national grain and oil information center and Hebei vegetable oil production and Marketing Association, Wei Jinyi, President of Hebei vegetable oil production and Marketing Association and chairman of heyirong grain and oil group, said that when enterprises face international competition across the country, in addition to understanding international trade practices and rules, We should also fully understand the role of futures market, through hedging in the futures market, avoid the risk of price fluctuation in international trade, and protect international trade Wei Jinyi said that as a large enterprise engaged in vegetable oil trade, heyirong grain and oil group has an annual trade volume of about 700000 tons If it does not use the futures market to avoid risks, the enterprise will be closed for a long time At the same time, he also introduced the company's international trade and participation in international soybean, soybean oil and palm oil futures trading He encouraged Hebei enterprises to actively participate in the futures market and try hedging operations In the training course, Experts from Dalian Commodity Exchange, Cao Zhi from market monitoring office of national grain and oil information center, Lou Jianqiang, expert in agricultural futures trading, and experts from pioneer futures and Sanli futures introduced how spot enterprises participate in futures market, international oil and oil spot market analysis, research on price analysis methods of futures market, hedging theory and operation practice, etc
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