农产品套期保值介绍（Introduction to hedging of agricultural products）.doc

农产品套期保值介绍（Introduction to hedging of agricultural products） The confusion of soybean pricing power Edit: Jinhua grease update time: 2010-2-25 browse: [256] In recent years, the soybean pricing has become one of the popular vocabulary, and the vocabulary at the same time, some people are worry: Chinese is the worlds largest importer of soybeans, but we do not have pricing power, soybean pricing is completely in the hands of a few multinational companies. The loss of pricing power, easily lead to weak domestic enterprises, foreign interference macro-control, affecting food security etc.. For a time, pricing power has become a tool for international capital hunting Chinese enterprises. In this regard, the author as a grain and oil enterprises involved in the management of many years of industry, it is necessary to talk about some of their views. One, ABCD really control the soybean pricing? Back in 5 years, I believe few people know the meaning of the letters ABCD in the grain and oil industry. But now, more and more people when talking about grain and oil industry, and even some never oil industry related work experience, they can clearly say ABCD is the four worlds largest dealers currently, representing the ADM, Bunge, Cargill and Bunge Cargill Louis Dreyfus LouisDreyfus. There are reports that these four companies hold 80% of the worlds grain trade. They not only hold the worlds grain pricing rights, but also grab Chinas soybean pricing rights. So, does ABCD really control the soybean pricing? I think this is the wrong conclusion, the reasons are as follows: First, ABCD on the soybean price less than 3% of the total price. Lets take a look at the international soybean trade profile and pricing rules. The total yield of soybean in the world about 220 million ~ 2.3 tons, one soybean international trade volume of abouttons, the United States, Brazil and Argentina exports accounted for about 89% of the volume of international trade, Chinese is the worlds larg