The Dalian Commodity Exchange began trading the nation’s first egg futures on Friday [8 November 2013], which analysts say will help iron out the volatile egg price to benefit both producers and consumers. Lot size is set at 5 metric tons, with a minimum price movement of 1 yuan ($0.164) per 500 kilograms. Contracts are available every month, and physical delivery is required. Trading margin is 8 percent of contract value, while daily price movement is limited to 4 percent…Full-text article: China Daily Nov 2013
- China has approximately 1.5 billion egg-laying hens, with the Wuhan-based Hubei Shendan Healthy Food Company being China’s largest egg enterprise (~100,000 MTs per year)
- China’s chicken egg production centers are largely located in the eastern and northern parts of the country. In 2011, Shandong province produced 4 million MTs of eggs or 14% of China’s total output. Henan province was second with 3.9 million MTs, followed by Hebei and Liaoning provinces at 3.3 million MTs and 2.7 million MTs, respectively.