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Heilongjiang Province Agriculture Commission, Dalian Commodity Exchange Hold Market Analysis Activity

Date 01/04/2014

Recently, the Heilongjiang Province Agriculture Commission (HPAC) and Dalian Commodity Exchange (DCE) jointly held the “2014 Activity on Analyzing Agricultural Products Market Situations in Heilongjiang Province” in Harbin, in a bid to scientifically analyze and judge the agricultural products market situations, guide the farmers in agricultural restructuring and planting marketable varieties and achieve the “proper yields, smooth sales and adequate prices” of the agricultural products. Attending the activity were the officials of the agriculture commissions and food bureaus and heads of the cooperatives in Heilongjiang Province.
 
In the activity, well-known domestic experts provided analysis and expectations for the situations of soybean, corn and other agricultural products markets this year, explaining the strategies for using the agricultural futures market under new market situations. According to the relevant experts, generally, as the domestic economic operation is stable, and the capacity for effective supply of agricultural products has been enhanced especially with the state attaching great importance to the development of the comprehensive productive capacity for major agricultural products such as grains and vegetables, in 2014 the domestic agricultural products market will be in stable operation. Meanwhile, affected by the comprehensive factors such as the supply and demand for agricultural products at home and abroad, the domestic grain purchasing policies and costs of production, the prices of corn, soybean and other major agricultural products will remain at high levels in 2014, and the trend has been indicated by the current agricultural futures prices. Therefore, the farmers should enhance their enthusiasm for growing crops. Agricultural cooperatives and enterprises should play a leading role in making active use of the futures prices and the hedging function of the futures market to prevent the risks of the price volatility.
 
The representatives present at the activity believed that with the spring sowing around the corner, the activity has given the participants new understanding about the market situations at present and in the year, and will facilitate the following guidance for the farmers in optimizing the planting structure and the improvement of the farmers’ incomes. It was also said that the experts’ analysis was based on realities with high relevance, and it was hoped that such activities could be held continuously and regularly, and expanded to the cities and counties, so as to enable the futures market to serve the “San Nong (agriculture, farmers and rural areas)” better and more deeply.
 
In recent years, DCE has continued to deepen the market service project of “thousands of villages and tens of thousands of households”, joining hands with Heilongjiang Province Agriculture Commission and other departments to promote the services for “San Nong”. In particular, DCE and Heilongjiang Province Agriculture Commission signed the agreement on strategic development of serving “San Nong”, in order to step up the market training, information service, the promotion of the experience in the pilot of “company + farmers, futures + orders” and other work. Currently, smooth progress has been made in relevant work, as the two sides have expanded the range of the service receivers having access to the futures information delivered to rural areas; the two sides have jointly organized the training activities for the system of agriculture commissions with DCE providing support in lecturers and teaching materials; the two sides have jointly advanced the selection of the pilots in “futures + orders”, the experience promotion and other work, having achieved satisfactory results. The market analysis activity was one part of the strategic cooperation of the two sides.