China’s Dalian Commodity Exchange (DCE) announced on late Tuesday [22 December 2015] that it had revised the egg futures contracts and delivery rules in an effort to be close to market reality and give better play to futures market’s role in serving the industry development. The revised contracts and rules will come into operation from the egg contract for delivery in March, 2017…Full Article: Xinhua Finance Dec 2015
- As a result of the new measures, the DCE established a sweeping board delivery system. The system is designed facilitate futures trading, increase goods turnover, and lower egg delivery costs for traders.
- In November 2013, the Dalian Commodity Exchange (DCE) began trading China’s first egg futures contracts.
- In 2013, China had 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).
- In 2012, China produced approximately 23 million tons of eggs, with a value of 350 billion yuan (US$56 billion)
- 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.