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Dalian Commodity Exchange(DCE) released on 26 Aug that the exchange had signed a Memorandum of Understanding (MOU) with Agricultural Futures Exchange of Thailand(AFET) to enhance the cooperation between the exchanges and jointly boost market and regional economic development.
According to the MOU,the two parties will cooperate on information sharing, technology support, marketing and product cultivation issues, especially on sharing trading rules, contract design, marketing and trading data.
Mr. Liu Xingqiang,the president of DCE,said,AFET is the only agricultural futures exchange in Thailand, trading Agricultural products including rough rice to serve the Agricultural industry of the nation. While DCE was started on trading Agricultural products and now the main Agricultural futures market in China.DCE is willing to exchange experiences with AFET. We hope the two parties to deepen the economic cooperation between China and Thailand.
Mrs.Napaporn Kurupasutachai,the President of AFET,said,The MoU gives AFET and DCE a historical development opportunity to build a long-term partnership. We not only can learn from each other and share successful experiences but also explore the business opportunity between the two nations together.
DCE ,established in 1993, is one of the China's four futures exchanges. The exchange is now trading corn, No.1 soybean,No. 2 soybean,soymeal,soyoil and LLDPE contracts, with half volume of Chinese futures industry.
AFET, set up on August, 2004, is an independent juristic person established under the provisions of The Agricultural Futures Trading Act issued by Ministry of Commerce of Thailand. The AFET has launched natural rubber, ribbed smoked sheet No.3 (RSS3), white rice 5% and tapioca starch premium grade futures contracts since its establishment. The trading is mainly done on electronic platform.
