Coffee, apples, red dates, these anti-poverty futures varieties are in the end how to operate?

Apple futures, jujube futures, coffee futures, fragrant pear futures... Entering 2017, the newly developed varieties of Zhengshang Institute continue to be "warehoused".

These varieties were chosen not to gather fruits and summon dragons, but to help the poor precisely. It is not the first time that futures on high and high are linked to poverty alleviation. Before that, cotton, white sugar and other varieties have tried many methods on the road to poverty alleviation.

Apples, dates and coffee all enter the futures variety library

In 2017, the listing of new varieties in the futures market accelerated. After the soybean meal option of Dalian Commodity Exchange is listed, the white sugar option of Zhengzhou Commodity Exchange will also be listed on April 19.

The reserve of new futures varieties has attracted more attention. In the recent month, Zheng Shang Institute successively announced that coffee, apple, jujube and other varieties will be included in the research and development and research scope. This kind of breed, have a new name to call "impoverished kind futures breed".

There is strategic guidance for futures to help the poor. On March 16, China Futures Association announced the Action Outline for Futures Operating Institutions Serving the Real Economy (2017-2020)(hereinafter referred to as the Outline). The Outline clearly states that professional advantages should be brought into play to carry out precise poverty alleviation.

During this year's NPC and CPPCC sessions, Jiang Ping 'an, member of the CPPCC National Committee and vice president of Xinjiang Agricultural University, also pointed out that cotton futures played a beneficial role in serving Xinjiang's economic construction, suggesting that the state launch more characteristic varieties in due time to help poverty alleviation.

The new varieties of coffee, jujube and apple selected by Zheng Shang are almost all related to poverty alleviation.

Jujube has become a "rich fruit" to promote the income of farmers in Xinjiang, and gradually developed into a "red economy" that keeps pace with the cotton "white economy".

Half of the world's apple production is in China, and most of the apple producing areas in China are concentrated in poverty-stricken areas. Among the 122 key apple counties and cities identified by the Ministry of Agriculture, 39 are state-level poverty-stricken counties.

The main producing area of coffee in China is Yunnan, accounting for 99% of the national output. The planting is mainly concentrated in poor counties of Yunnan, which is one of the important income sources for local farmers.

However, there is a problem with these crops, that is, farmers grow them individually, their ability to withstand natural disasters and market risks is low, and the prices brought by "big and small years" are almost unbearable for them.

However, if these agricultural products (000061, stock bar) have futures, upstream jujube farmers avoid the risk of falling jujube prices, middle and lower reaches processing and sales enterprises avoid the risk of rising raw material procurement costs, and stabilize the costs and benefits of farmers and enterprises in the whole industrial chain.

How do different varieties of apples unify into apple futures?

However, these varieties are not easy to push out.

Take apple futures as an example, no country in the world has launched such fresh fruit futures as apples. The design of such a variety, Zheng Shang said, is also a lot of effort.

"We went to Shaanxi, Shanxi, Beijing and other apple production and marketing areas to learn about the apple spot industry and trading rules." The above-mentioned personage said, In view of the apple variety, Quality difference is very big, Zheng Shang Institute and China Apple Industry Association has carried out apple spot industry project cooperation, First of all spot market research.

In addition, they also cooperated with the China Fruit Circulation Association to select the benchmark delivery place of apples, that is, among many apple varieties, one standard was selected first. Then, when apples of other varieties and regions also participate in the delivery of apple futures, it is necessary to formulate a complete set of premium and discount (that is, appropriate price increase or price reduction) scheme according to different varieties and regions. In addition, in the delivery process, it is also necessary to formulate and perfect the delivery quality inspection process.

"The whole process is very complicated. As the world's first fresh fruit futures, these problems need to be broken through by Zheng Shang Institute." said the above-mentioned person.

At present, in addition to investigating and formulating contract drafts such as apples and red dates, the Futures Department of China Securities Regulatory Commission and Zheng Shang Institute have also gone to Urumqi, Korla, Aksu and other places in Xinjiang to conduct on-the-spot investigation on the necessity and feasibility of futures trading of local advantageous agricultural products such as tomato sauce and fragrant pear. For the varieties meeting the basic conditions for listing, Zheng Shang Institute will carry out follow-up research and development work.

Farmers share futures to help the poor and do not need to fry futures

After these poverty-alleviation futures varieties are listed, as agricultural product growers, do they have to operate futures to share the benefits brought by futures? The answer is obviously no.

"Farmers do not need to directly operate futures for hedging. Through cooperation among insurance companies, ordinary farmers or new agricultural business entities, futures companies and government departments, farmers can directly share the benefits brought by futures." Zheng Shang said.

At present, the mode promoted in our country is mainly the pilot of "insurance + futures", which is called "price insurance + over-the-counter options + on-the-spot futures" pilot.

Take white sugar as an example, the participating futures companies provide white sugar price insurance for sugar enterprises, etc., and the sugar enterprises ensure the minimum purchase price of sugar cane to farmers. Finally, the futures companies use Zheng Shang Institute white sugar futures as hedging tools to resolve the risk of white sugar price fluctuation.

With the addition of futures, the income of participating farmers planting sugarcane is guaranteed in advance, and sugar enterprises also lock profits. In this process, farmers do not need to operate futures, but only need to pay a small amount of premium according to the planting amount. At present, Zheng Shang Institute still has premium subsidies for farmers during the promotion period of this mode.

In order to facilitate farmers to insure, some futures companies have introduced "Internet +". Farmers can apply for insurance online and claim compensation online.

The insurance company will also record the planting insurance information insured by the insured on the Internet platform. After the expiration of the insurance period, in case of claim settlement, the claim data shall be collected and summarized by the Internet platform, and sent to the claim department of the insurance company in the form of email for offline claim settlement (reporter Chen Wei of Business Daily).