“商储无忧”何以化身金融护盾？

Core Viewpoint - The "Shangchu Wuyou" project initiated by Zhengzhou Commodity Exchange has successfully stabilized urea prices and mitigated risks for storage enterprises, thereby enhancing food security and supporting farmers in their operations [1][6]. Group 1: Project Overview - The "Shangchu Wuyou" project is the first national futures service project for state reserves, aimed at helping enterprises manage the risk of urea price depreciation through market-based solutions [1][3]. - Since its launch, the project has expanded from 3 provinces to 23 provinces, increasing the number of participating enterprises from 5 to 46 [6]. - The project has provided risk management support for 495 million tons of urea across 99 storage enterprises, significantly contributing to the national commercial fertilizer reserve plan [5][6]. Group 2: Impact on the Industry - The introduction of urea futures in 2019 has allowed storage enterprises to stabilize prices and manage risks effectively, likened to providing a "safety cushion" for their operations [3][5]. - Nearly 90% of leading urea trading enterprises, including state-owned, provincial, and private companies, have participated in the "Shangchu Wuyou" project [5]. - The project has been recognized in national policy documents, indicating its integration into the national strategy for agricultural supply and price stability [6]. Group 3: Benefits to Farmers - The stabilization of urea prices has led to a reduction in fertilization costs for farmers, with one farmer estimating a savings of 5 yuan per mu, translating to an additional income of 30,000 yuan for 2,000 mu of land [6]. - The project has increased farmers' enthusiasm for grain production by providing tangible financial benefits [7].