Chińczycy chcą otworzyć giełdę produktów rolnych na Ukrainie

China proposed to open agricultural exchange in Ukraine
China is interested in opening of the agricultural commodities exchange in Ukraine, declared top-managers of the Jilin International Commodities Exchange (JICE) during meeting with the President of Ukrainian Agrarian Confederation (UAC), Leonid Kozachenko.
The JICE leaders proposed to found a stock exchange market in Ukraine, to sell their products and hedge any price risks for both large-scale and medium companies. Thus, agricultural producers will be able to conclude contracts at more favorable prices.
According to L.Kozachenko, the proposal of JICE is quite interesting, because in Ukraine only large-scale companies with annual production capacities of more than 50 mln USD have the opportunity to sell their products on international markets. But medium-scale companies with the capacities of nearly 1 mln USD does not have such opportunities. That is why such commodity exchange would be useful for Ukrainian agrarians.
Also, he stressed that medium companies often miss experienced specialists to conclude futures contracts on international exchanges, and they are unable to independently form large-scale export batches.
Therefore, UAC and representatives of JICE agreed to exchange information about further realization of the project in Ukraine. Ukrainian Agrarian Confederation defends the interests of Ukrainian agricultural producers, so the process of preliminary negotiations is very important, said L.Kozachenko.
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