Dalian Seafood Company Under Scrutiny after Suffering Surprise Financial Losses

A Chinese seafood company has found itself in deep waters after blaming ‘missing’ scallops for a looming loss of up to 720 million yuan (US$114 million), drawing a sharp rap on the knuckles from state media and raising suspicions on social media…Full Article: South China Morning Post Feb 2018 Shenzhen-listed Zhangzidao Group Co, an aquatic

Researchers in Dalian Developing Aquatic Robots to Help Harvest Sea cucumbers, Sea Urchins, and Abalone

A leading Chinese fishery company and the Dalian University of Technology have established a laboratory to develop underwater robots, which are expected to take the place of divers to catch precious seafood. The robots will also likely perform seabed monitoring tasks at fishing grounds in Dalian, Liaoning province…Full Article: ECNS.cn Apr 2017 Key Point The

The Dalian Commodity Exchange Launches New Soymeal Futures Options, Sugar Options Expected Next

Dalian Commodity Exchange launched new soymeal futures options on Friday [31 March 2017] – the first commodity options in China – offering one more hedging tool for investors, as well as soybean processing firms. The exchange is also considering launching futures options for more commodities, such as corn and soybeans, according to Wang Fenghai, managing

Quarantine Officials at the Port of Dalian Return Food Products to South Korea

Inspection and quarantine authorities in northeast China’s Liaoning Province Saturday [4 March 2017] returned two batches of food imported from the Republic of Korea (ROK) that failed to measure up to required standards. Staff with the Dayaowan Inspection and Quarantine Bureau found the production dates of the food were inconsistent with the dates labelled in

The Dalian Commodity Exchange Pushes for Soybean Meal Options

The Dalian Commodity Exchange has urged regulators to approve the launch of soybean meal [animal feed] options and said it plans to introduce a hog futures contract, expanding its agricultural product offerings. Speaking at a conference on Wednesday [9 November 2016], the exchange’s general manager, Wang Fenghai, said soybean meal options would help farmers and

The Dalian Commodity Exchange, China’s Premier Agricultural Futures Market, Signs Cooperation Agreements with Eight Food Companies

Dalian Commodity Exchange on Thursday [12 November 2015] signed agreements with eight food companies during the 10th China International Oils and Oilseeds Conference held in Guangzhou, south China. Under the agreements with China Grain Reserves Corporation, COFCO, etc., DCE will cooperate with the concerned partners on futures product development, institutional innovation, business training, and OTC

Zhuanghe Port Is a Growing Destination for China’s Timber Imports

A state base for storing, processing and trading imported timber has been established in Northeast China’s Liaoning province. Seven enterprises began operations at a furnishing industrial park in Zhuanghe, Dalian on Thursday [18 June 2015]. On the northern Yellow Sea, Zhuanghe is one of 10 national bases handling imported timber, one of eight state-level timber