The Dalian Commodity Exchange is to launch futures contracts for eggs in a bid to expand its agricultural product-related contracts. China’s primary commodity futures exchange said in a statement that it had started collecting industry opinion on a draft proposal for the launch, however it did not give a timetable. Analysts said that once introduced, the contract may help stabilize egg prices by providing more liquidity to the market, and they could act as an efficient commodity hedge in the long run…Full-text article: China Daily Mar 2013
- In 2012, China produced approximately 23 million tons of eggs, with a value of 350 billion yuan (US$56 billion)
- In addition to futures contracts for eggs, the Dalian Commodity Exchange hopes to add live hogs and timber. The exchange currently lists six agricultural commodities.