On the afternoon of October 10, Dalian Commodity Exchange issued the "Announcement on expanding the maximum number of standard warehouse receipts for the designated delivery warehouse of corn". The announcement pointed out that according to the "Dalian Commodity Exchange standard warehouse receipt Management Measures" and other relevant provisions, VV FOOD & BEVERAGE CO.,LTD. The Corn Group delivery warehouse sub-warehouse VV FOOD & BEVERAGE CO.,LTD. The maximum quantity of corn futures standard warehouse receipt will be expanded from 30,000 tons to 60,000 tons, and the daily delivery speed will be expanded from 2,000 tons to 4,000 tons. The above matters shall take effect from this day.
The futures delivery library reflects the comprehensive strength and authority of the enterprise in the industry. With delivery warehouse, it has incomparable advantages for improving the visibility of enterprise brand and expanding the scale of agricultural products operation. At the same time, enterprises can use the advantages of futures delivery warehouse to carry out futures hedging, intertemporal arbitrage, base price and other business activities, to reduce production costs for enterprises, avoid business risks, lock operating profits and storage earnings, VV FOOD & BEVERAGE CO.,LTD. The goal of achieving 10 billion revenue in the grain and oil sector has played a great role in promoting it.
Since 2015, VV Dongbei and VV Tangwanghe Company, subordinate to VV FOOD & BEVERAGE CO.,LTD. have been approved by Dalian Commodity Exchange to set up delivery warehouses for yellow soybean No. 1, corn and japonica rice, and now have a total of three delivery warehouses. This marks VV FOOD & BEVERAGE CO.,LTD. In recent years, the plan to focus on the main business, lock the "big grain, big food" industry, and cultivate and expand the thickness and width of the whole industry chain "from the field to the table" has begun to show results.
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