Groupe Le Matin is organizing as part of its conference cycle, a new Matinale to highlight the possibilities of coverage for importers in a context of soaring raw materials. Solutions to deal with the receipt of existing input prices, but are they sufficient?
Since the fall of 2020, commodity prices have been soaring. Metals, foodstuffs, petroleum products, wood and derivatives…, almost all markets are concerned. The increases are two, or even three, and can be explained by several factors: Climate change, disruption of global supply chains, gap between the recovery in demand and post-containment supply, speculation boosted by the stimulus plans of the main country, too rapid recovery of the Chinese economy… The worst is that no one is able to predict the end of this outbreak. While some experts qualify it as a “supercycle” that could last several years, others hope for a return to calm during 2022. What is certain is that uncertainty is general.
Industrial importers are strongly jostled by this hyper-inflation. Barely relevant to the head of the health crisis and production stoppages, they are faced with the unavailability of materials that are running their capacities at low speed. And when they find it, it’s at a high price and often without the possibility of passing on the increase to their customers. A complex situation that threatens the survival of entire sections of the economic fabric if the outbreak persists.
That said, solutions to deal with the recovery of existing input prices. Provided for in the regulations and offered by the banking system for years, these so-called “hedging” financial products are certainly used by certain large industrial groups, but they remain unknown to a large number of operators. From “Futures Contracts” to “Swaps” via “Options” and “Tunnels”, these products can offer protection and visibility to manufacturers in this turbulent environment, at a cost far below the impact of a soaring prices that are difficult to pass on.
What does the regulation of price hedging financial products allow? What is new in this area in the 2022 Changes Instruction? What products are offered on the Moroccan market? What is the most suitable product for each sector or situation? What to do in certain specific areas of activity? What hedging strategy to adopt and at what cost? Do we need to be assisted by a professional? To answer these questions and many others, Groupe Le Matin is organising, on Thursday 31 March in Casablanca, a Matinale under the theme: “Surge in raw materials: What coverage options for importers? “.
Will animate this Morning:
- DRISS BENCHIKH, Secretary General of the Office des Changes
- HICHAM BOULARBAH, Managing Director of Haris Financial
- MOHAMED FAKHREDDINE, DGA in charge of Corporate and Investment Banking of the Crédit Agricole Group in Morocco
- YOUSSEF BENOSMAN, President of Graderco
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