Research On The Price Risk Management Of The Soybean Processing Enterprises

Our country is the hometown of soybean.As the fourth largest producer of soybeans,China's soybean industry occupies a very important position in international soybean production and trade.In 2001,China joined the WTO,and the soybean industry became one of the first industries to open to the outside world,which was severely impacted by international capital.From 2003 to 2004,the price of soybean in the world fell sharply,which caused heavy losses in China's soybean industry,which was highly dependent on imports,and exposed a series of problems in the risk management of soybean processing enterprises in China.Since then,China's soybean processing enterprise controlled by foreign capital in the form of mergers and restructuring,especially with the international soybean supply and marketing network of the four food dealer of soybean industry in China from the raw material to the layers of the consumer market,has gradually become the soybean industry in China in the international trade,the main raw material imports and finished product consumption link,become the main channel to its higher profits.The market share of soybean industry has been eroded by foreign investment and the pricing power of raw materials has been lost.The whole soybean industry in China is in an unsafe state,and the industrial chain is fragile and high risk.Since China's accession to the WTO,the "yellow box" policy has been criticized by the WTO.In recent years,China's agricultural policy has been gradually released,and the idea of agricultural risk management has gradually shifted from the policy to the market.It can be expected that the agricultural marketization degree of the future will continue to improve,and China's soybean processing enterprises must intensify their study of international advanced risk management methods to meet the market risks.In recent years,China's increased emphasis on soybean industry security issues,in December 2013,the central economic conference proposed that must implement moderately is given priority to with me,based on domestic,import,science and technology support of the national food security strategy,establish Chinese soybean flagship industries to foreign competition.Strongly called for financial services at the same time,countries of the real economy,formed,such as "order + agricultural futures market","agricultural enterprise + bank + futures market","delayed price + insurance + futures market",such as risk aversion strategies,improve the level of the agricultural industrial chain risk management.However,the risk aversion of Chinese entity enterprises in the financial market is not enough to make full use of the safe haven function of financial market.This article focuses on China's soybean industry chain in foreign extrusion under the fierce competition,the present situation of the price risk accumulation,analyzes the price risk sources and genesis of soybean processing enterprise,with strong risk management experience of G company as an example,from procurement,inventory management,sales each link of G enterprise price to avoid concrete application,the model for other similar enterprises in China.Based on the study of G enterprise risk management method is found that soybean processing enterprise in our country on the price risk aversion from market and policy environment constraints,and from the aspects of policy and market to strengthen enterprise risk management level in our country are also proposed.