Cork Institute of Technology and INTL FCStone are hosting a dairy hedging and risk management workshop from September 5 to 9.
“Price volatility in the EU dairy markets has grown significantly in recent years,” say the workshop hosts.
“This can be attributed to factors including a shift in EU price support mechanisms and increased dairy sector globalisation.
“Due to the increased volatility, dairy futures markets and other financial derivatives have been developed to help the dairy industry manage its price risk more effectively.
"The successful use of futures and financial derivatives as a risk management tool requires a level of knowledge and experience which is new to many in the sector.”
Minister for Agriculture, Michael Creed, has visited CIT to be briefed on the fully subscribed workshop, which will examine the risk management tools, policies, procedures, and strategies used by international companies active in this sector.
Talks will be delivered by CIT and INTL FCStone experts, and by guest risk management lecturers, who will discuss theory and statistical modelling and offer commercial and strategic insights via interactive classroom and computer-based laboratory sessions.
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