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On November 12, during the “10th China International Oils and Oilseeds Conference”, Dalian Commodity Exchange (DCE) and 8 grain and oils groups signed the strategic cooperation framework agreements in Guangzhou, announcing to join hands in promoting the market development and service for industries.
At the signing ceremony, Feng Bo, Deputy Party Chief and CEO of DCE, was present and delivered a speech. Feng said in his speech that the cooperation will help the agriculture-related enterprises deepen their participation in DCE’s development of new products and institutional innovation, and better meet the demand of the enterprises for hedging. The strategic cooperation framework agreements were signed with representatives of China Grain Reserves Corporation, COFCO, Chinatex Corporation, Hebei Grain Group Co., Ltd., Beijing Grain Group Co., Ltd., Shaanxi Food and Agriculture Group Co., Ltd., VV Group and Yihai Kerry Investment Co., Ltd.
According to the agreements, the partners will deepen cooperation in the development of new products, institutional innovation, organization of industry conferences, business training, development of OTC market and other fields, and establish the all-round strategic partnership. They will further integrate the advantages of the futures market and spot market production, operation, as well as trade logistics, in order to jointly promote the development of the market and the industries.
