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Study On The Function Of Our Country Commodity Futures Markets In Modern Agricultural Development

Posted on:2008-12-26Degree:MasterType:Thesis
Country:ChinaCandidate:J W WangFull Text:PDF
GTID:2189360242457480Subject:National Economics
Abstract/Summary:PDF Full Text Request
2006 government service report proposed that, we should"develop the futures market actively ";at 16 sessions of five CCP plenary conferences, the commodity futures markets received high attention.Analyzes through this article to be allowed us to see, our country commodity futures markets will play the vital role in our country modern agriculture construction, its function channel mainly will display following five channels: 1st, stable price;2nd, the agricultural industry main body dodges the market risk the tool; 3rd, the advantageous to the adjustment planter structure and the development highly effective high quality grain; 4th, promotes our country grain circulation system reform; 5th, strengthens our country the agricultural international competition strength. Above the function display is based on a perfect highly effective commodity futures markets foundation, but the present country commodity futures markets, because of various aspects reason, has limited its function display, these reasons mainly have two aspects, one is commodity futures markets oneself is imperfect, two is the main body of futures market participation is not mature. Is imperfect regarding commodity futures markets oneself, mainly has following several aspects the reason: 1st, the agricultural product prompt sale variety is insufficient; 2nd, a set of time guarantees the value main body vacancy; 3rd, the futures market transaction scale too is small; 4th, the futures market lacks the consummation the legal laws and regulations; 5th, the futures market knowledge lacks. Is not mature regarding the futures market participation main body, we have separately studied the farmer and the enterprise participate in the stock city place to receive subjective and the objective aspect reason. Finally we produced corresponding measure and policy suggestion. First is consummates the commodity futures markets of our country, next is strengthens the participation main body of our country Commodity Futures Markets , in particular the cultivation of the main item enterprise and farmer's which the wrap guarantees.
Keywords/Search Tags:Commodity Futures Markets, Agriculture Modernization, Price discovery, Hedging
PDF Full Text Request
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