Futures Design Of Sichuan Pepper

Up to now,the futures market has developed in China for nearly three decades,forming a supervision and management system in line with its own development.However,with the development of China's economy,the opening of the market and people's understanding of futures knowledge,the number of investors in China's futures market is increasing day by day,and the existing varieties of futures market can no longer meet the diversified needs of market investors.Therefore,on the one hand,we should speed up the development of futures trading varieties in our country.On the other hand,we should improve and strengthen the establishment of a regulatory system.As a traditional agricultural country,China has little say in the international agricultural products pricing transaction,which seriously damages the interests of China in agricultural products.As a native agricultural product in China,sichuan peppercorns are favored by consumers for its unique numbing taste.In recent years,with the support of national policies,the scale of zanthoxylum prickly ash industry has been increasing,and the price fluctuation of zanthoxylum prickly ash has been increasing.As a result,zanthoxylum prickly ash growers and processors are facing great price risks and production and operation risks.The function of futures products provides them with a tool to avoid risks and also promotes the healthy development of Chinese prickly ash industry.Based on the development status of China's agricultural futures,the development status of sichuan peppercorns spot market and the necessity and feasibility of sichuan peppercorns to become futures products,this paper draws on the existing experience in the design of agricultural futures varieties,and makes preparations and Suggestions for the design and listing of sichuan peppercorns futures contracts.Firstly,it introduces the function,development status and existing problems of China's agricultural futures.Secondly,starting from the production situation of sichuan peppercorns in China,the development situation of spot market of sichuan peppercorns and the import and export situation of sichuan peppercorns,the necessity and feasibility of the introduction of sichuan peppercorns futures products are analyzed to make it clear that sichuan peppercorns have the characteristics of becoming futures products.Then,the design of zanthoxylum prickly ash futures product contract,the main design of zanthoxylum prickly ash futures basic elements,risk control factors and delivery factors;Fourth,the pricing model based on the theory of cost of holding is adopted to deduce the pricing formula of zanthoxylum prickly ash futures products.Finally,some Suggestions are put forward from the aspects of timing selection and market cultivation to lay a solid theoretical foundation for the future listing of Chinese prickly ash futures.Through the study of this paper,it can be concluded that the introduction of pepper futures varieties can not only avoid the price risk of enterprises,improve the income of pepper growers and promote the healthy development of pepper industry,but also has a certain positive significance for China to improve the right to say in the pricing of agricultural products in the world.