President Kazuhiro Nakatsuka of Osaka Dojima Commodity Exchange, which is conducting trial trading of rice futures, held a press conference on the 29th, emphasizing the idea of aiming for a shift to full-scale trading.
The state has argued that there are some points that do not meet the approval criteria at this time regarding the transition.
The Osaka Dojima Commodity Exchange, which has been piloting rice futures trading since 2011, is the only company in Japan that has applied to the government for a transition to full-scale trading with no time limit.
The Ministry of Agriculture, Forestry and Fisheries, which is conducting the examination, said on the 27th that there are points that do not meet the approval criteria at this time because the number of producers participating in futures trading has not increased. ..
Regarding this, President Nakatsuka of Osaka Dojima Commodity Exchange held a press conference in Osaka City on the afternoon of the 29th, "I think that I can meet the approval criteria and I am confident that futures trading will be useful for producers." He emphasized the idea of aiming for a transition to full-scale transactions and refuted the national view.
He added, "If this is not approved, there can be no extension of the pilot transaction," and if it is not approved, the current pilot transaction will not be continued.
At the Osaka Dojima Commodity Exchange, rice futures trading exceeds 90% of the total transaction volume, and if there are no transactions, it will be necessary to drastically review the management strategy.