Sponsored by Dalian Commodity Exchange (DCE), the “9th International Corn Industry Conference (ICIC)” will be held in Dalian on September 13. With the theme of “Development Opportunities in the Market-Oriented Reform of the Temporary Storage Policy”, the conference will focus on the industrial risk management and development opportunities in the market-oriented reform of the corn temporary storage policy.
In April this year, the three provinces in Northeast China and the Inner Mongolia Autonomous Region began to implement the new mechanism of “market-based purchasing” plus “subsidies”, and the corn market started the transformation from “policy-oriented market” to “market-oriented market”. Against the background of the market-oriented reform of the state’s purchasing and storage system, the spot prices of corn and corn starch have recorded significant drops, and the policy evolvement and the market supply and demand in the future have drawn attention widely. In the meantime, the futures market is facing new situations, as the trading volumes and open interests of the corn and corn starch futures have grown significantly, and the industrial clients and financial institutions have been stimulated to be active in using the corn and corn starch futures to guide production, manage price risks and stabilize the operation.
In such a context, setting the theme of “Development Opportunities in the Market-Oriented Reform of the Temporary Storage Policy”, the conference will focus on the impact of the market-oriented reform of the corn temporary storage policy on the industry. The conference has set 9 hot topics of market concern for the keynote speeches such as “impact of the market-oriented reform of the purchasing and storage system on the corn and related markets”, “analysis of the operation of the futures in corn and feed sectors”, “current situations and development trends of China’s corn starch industry” and “innovation in OTC options boosting the sustainable development of the corn spot enterprises”. In addition, the conference specially arranges the two theme forums of “case analysis and experience sharing in risk management of agricultural products” and “price trends and development prospects of China’s corn market”, so as to interpret the hot issues in the industry at present.
Since 2007, DCE has successfully organized the corn industry conference eight times, providing the corn and related industries with a high-end market service platform for information sharing, communication and exchange and business cooperation. The conference plans to discuss the hot topics such as the macroeconomic policy, market supply and demand situation, development of corn deep processing and feed and feeding industries and futures, insurance and other financial markets supporting the grain market-oriented reform, so as to effectively help the enterprises solve the actual problems in production and operation as well as risk management, give full play to the role of the derivatives market in serving the real economy, enhance the enterprises’ awareness of the futures and options markets, and vigorously push the enterprises to use the corn, corn starch and egg futures in risk management and grasp the opportunities and achieve development in reform.