Jiangxi signs cooperation agreements with US
Updated: 2014-10-30 19:27
By Wang Qian(chinadaily.com.cn)
|
|||||||||||
A US delegation signed a series of cooperation agreements with agriculture companies in Jiangxi province on Wednesday, a move to boost exports of local farm produce.
Invited by the Ministry of Agriculture, senior experts from the Chicago Mercantile Exchange and the US Agriculture Products Futures Trading Union visited Jiangxi on Thursday, exchanging opinions and experiences with enterprises from the province.
The delegation consisted of senior experts and market analysts from the US. Officials from Jiangxi Agriculture Department, Food Industry Bureau and delegates from businesses in the province attended the meeting representing the Chinese side.
The discussion covered agricultural trading opportunities between China and the US, a project to build logistic systems along the Mississippi River for food delivery.
"The futures trading market of agricultural commodity is like a tropical jungle, a kind of ecosystem, in which speculators, hedgers, transparency and the delivery system are indispensable parts," said Christopher Manns, a member of the US delegation. "The whole system will collapse without any one of them."
Manns says that businessmen in Jiangxi have learned a lot from the delegation during the trip. He says they've gained knowledge of US agricultural commodity trading rules. On top of that, Manns says the delegation shared their advanced experience and knowledge of international futures trading technologies. He also said that they learned risk management and methods to tackle the problems of futures hedging.
A director with the Jiangxi Provincial Foreign Affairs and Overseas Chinese Affairs Office said that in this time of the global economy, it is must for Jiangxi to export its agricultural products.
Related Stories
China Agriculture Trade Fair comes to a successful conclusion 2014-10-30 16:31
Internet of Things for agriculture 2014-10-30 11:04
Agriculture minister says massive grain imports unsustainable 2014-10-10 21:29
New district accelerates upgrade of tourism agriculture 2014-09-02 14:20
Henan making an effort in urban ecology and agriculture 2014-09-30 17:25
Today's Top News
Russia 'willing' to co-op with Ukrainian parliament
China to help build Ebola quarantine center in Liberia
Tycoons' gift to Yale stirs debate
180 'foxes' hunted back to China
UN chief deplores planned elections in E Ukraine
Overhaul of anti-graft legislation on the way
Germany to bid for 2024 Olympics
Russia to build railroads in DPRK
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Growth pangs |
Sea change |
'Old newcomers' |
General aviation hub reaches for the sky |
Endangered species threatens livelihoods |
Chinese mavericks set to amaze racing world |