"Zhengzhou Agricultural Futures (Cotton) Forum" is going to be held at Zhengzhou International Exhibition Center by Zhengzhou Commodity Exchange on September 10, 2010. As service function to the real economy is fundamental to the existence and development of the futures market, hence the forum will proactively explore various effective approaches for the futures market to serve cotton industry and meanwhile to enhance international communication and cooperation through profound integration of the futures market. We will establish a high standard platform for both domestic/foreign cotton enterprises to exchange information freely and help enterprises to analyze macro economic situation and industrial development trend so as to allow domestic/foreign cotton enterprises to readily understand current cotton/textile market trend, avoid market risks, and promote sustainable and sound development of the cotton industry.
Chinese cotton and textile industry has experienced the baptism of global financial crisis, and has practically understood the real implications of "crisis" and "risk". Cotton price has been maintained an increasing high level since 2009 accompanied by the favorable turn to overall business performance of textile industry and resumed increase in product yield and export. With significant increase in economic benefits of enterprises, cotton and textile industry is provided with a golden development opportunity. What uncertainties are still in existence on the macro economic aspect? What policy adjustments will be made by the State? What changes will take place to annual international and domestic cotton production and market demands? What will the cotton price be in the future? What impacts will be imposed on cotton and textile industry? How will cotton associated enterprises seek development in the variable market? All these are common issues as concerned by us.
By the time, leaders from international and domestic governmental institutes, famous economists, experts on futures and cotton commodity, and information consultant institutions will be invited to the forum to give wonderful speeches on relevant subjects. Furthermore, we will also invite some senior executives of some cotton associated enterprises and financial institutions to engage in round-table dialogue.
We expect all enterprises participating in Zhengzhou Agricultural Futures (Cotton) Forum and will provide comprehensive, authoritative and multi-plural information as well as valuable references on evasion of market risks and realization of stable business operations.