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08
2013
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11
Egg futures first single flower fell in Hubei Shendan
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On November 8, China's first fresh product futures-egg futures contract was officially listed in the big trading house. Shendan, the leader of egg products in China, sold the egg futures 1403 contract in the call auction trading stage and got the first order of egg futures, which opened the prelude for enterprises to hedge egg futures.
On November 8, China's first fresh product futures-egg futures contract was officially listed in the big trading house. Shendan, the leader of egg products in China, sold the egg futures 1403 contract in the call auction trading stage and got the first order of egg futures, which opened the prelude for enterprises to hedge egg futures.
It is understood that Hubei Shendan Health Food Co., Ltd. is a national key leading enterprise in agricultural industrialization, which mainly produces egg products and integrates feed processing and breeding and poultry breeding services. It processes and sells 100000 tons of various eggs annually. For four consecutive years, it has won the first comprehensive share of the national egg market. The products have entered more than 10000 large supermarkets, are the cleaning egg suppliers of the two major catering giants, and are exported to Japan, South Korea, the United States, Australia and other international markets.
Li Qingyi, executive deputy general manager of Shendan Company, who participated in the on-site trading in Dalian, said that as early as a few years ago, Shendan took precautions and participated in the market trading of soybean meal and other futures varieties for risk management. After learning that DCE is going to list egg futures, the company began to actively prepare, familiar with the contract rules, design a hedging plan, and prepare to participate in trading on the 8th listing day.
"We have full confidence in the prospect of egg futures, and enterprises will actively make good use of the egg market." Li Qingyi introduced that with egg futures as a risk management tool, Shendan will determine the time and quantity of laying hens to be raised and eliminated according to the trend of egg prices in the futures market, and adjust the scale of laying hens breeding in a timely manner, thus guiding the entire egg industry into a benign track. At the same time, it also protects the interests of farmers, so that when the market is not good, farmers slaughter a large number of laying hens, and when the market is good, they swarm on the laying hens.
At the same time, he said that in view of the poor sales of eggs in the off-season, it is difficult for farmers to make money at low prices, the contract price will be adjusted in time according to the egg futures price, so as to stabilize the breeding group and protect the interests of farmers. At the same time, in view of the relatively stable retail price of Shendan egg supermarket terminal and the high operating pressure of enterprises when the price of fresh eggs fluctuates, hedging will be used to lock in operating profits.
my country is the world's largest producer and consumer of poultry eggs, but the transparency of egg prices in the Chinese market is low, and prices fluctuate greatly, which not only increases the risk of chicken farmers, but also is not conducive to consumers. The listing of egg futures brings price guidance and risk aversion important tools to layer breeding and the majority of practitioners, which can prevent large fluctuations in egg prices, guide farmers' production and promote stable breeding; at the same time, it is also conducive to improving the competitiveness of enterprises and promoting industrial upgrading and development.
Egg futures first single flower fell in Hubei Shendan
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Hubei Shendan Health Food Co., Ltd.
E-mail : china-shendan @ vip. 163.com
Address : No. 888 Gaoxin Avenue, East Lake New Technology Development Zone, Wuhan
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