后临储时代玉米产业链流通模式及定价机制

内容:后临储时代玉米产业链主体主要包括种植户、贸易商、加工企业和饲料厂,其中加工企业享有最高定价权;在“小农户”和“大市场”约束下,目前玉米以间接流通模式为主,直接流通模式为辅,其中前者主要有贸易商、合作社、村委会三大中介主体,后者主要存在订单合同、粮食银行和生产基地三大类型。在种植户售粮环节,实施模糊定价,其余环节均以精准定价为主,包括传统的随行就市定价和现代的远期基差点价,在“基差点价+套期保值”的基础上,进一步延伸出“基差点价+期权”的新型定价模式。 英文摘要: Maize industry chain body includes growers, traders, processing enterprises, and feed factories in post-temporary storage era, in which processing enterprises enjoy the highest pricing power. Under the constraints of small farmers and big market, at present maize is mainly indirect circulation mode, supplemented by direct circulation mode, the former mainly includes three intermediaries: trader, cooperatives and village committees, the later mainly has three types: order contract, grain bank and production base. The pricing mechanism is fuzzy pricing at the sector of farmer maize selling link, the rest of the links are mainly accurate pricing , including the traditional follow-up pricing and modern forward basis pricing, on the base of "basis pricing + hedging", the "basis pricing + option" is further extended.
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