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Market function of agricultural futures market
20 10 the No.1 document of the Central Committee, Opinions of the Central Committee of the State Council on Strengthening Urban and Rural Development and Further Consolidating the Foundation of Agricultural and Rural Development, puts forward that it is necessary to speed up the development of the agricultural futures market, gradually expand the trading varieties, and encourage producers and operators to use the futures trading mechanism to avoid market risks. In this regard, the relevant person in charge of the Chamber of Commerce said that the No.1 Document of the Central Committee for seven consecutive years has put forward specific requirements for the development of the agricultural futures market, which reflects the country's emphasis on the development of the agricultural futures market and its affirmation of its functions.

The person in charge said that after 20 years of development, the number of domestic agricultural futures varieties has reached 13. In 2009, the turnover of the national agricultural futures market reached123.5 million lots, accounting for 57.23% of the national turnover. The turnover reached 62 17 billion yuan, accounting for 47.64% of the national market share. The agricultural futures market has laid a solid foundation for the development of agricultural industry. The person in charge believes that the No.1 Document of the Central Committee of 20 10 focuses on "gradually expanding trading varieties" and "encouraging producers and operators to use futures trading mechanism to avoid market risks", and grasps the two key points of the development of domestic futures market: "varieties" and "market participants". In terms of varieties, although we have listed 13 varieties of agricultural products, the varieties are concentrated in the fields of planting and processing, such as grain, soft goods and oil. As a big agricultural country, China still has great development potential in the development of agricultural futures varieties. It is necessary to gradually list more agricultural products according to the requirements of Document No.1, further guide relevant entities to actively use the futures market, and encourage and support agricultural producers and operators to use the futures market.

Dashang said that in order to implement the No.1 Document of the Central Committee, the exchange will further improve the existing agricultural futures contracts and rules, improve the market mechanism and improve market efficiency on the premise of ensuring the safe operation of the market. At the same time, it will further deepen the market service project of "thousands of households" and "thousands of factories and enterprises" to attract industrial enterprises to make good use of the futures market and refine the existing varieties; The Exchange will continue to combine its own market advantages, intensify the research and development of new varieties of agricultural products futures, develop relevant index varieties and option varieties on the basis of the healthy operation of existing varieties, deepen market functions, and improve the hedging system, so that the service capacity and level of Dalian futures market to industry and economy will leap to a new level.