Egg Futures to Trade in Dalian

CHINA - China will start trading of its first egg futures in Dalian on Friday, 8 November.
calendar icon 5 November 2013
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The initiative is an effort to unify egg pricing and protect farmers from price swings.

Trading margin is set at 8 percent of contract value and daily price movement is limited at four per cent.

A standard lot size is five tons with a minimum price movement of 1 yuan per 500 kilograms. The contracts are available every month and physical delivery is required if positions are not settled before a contract matures.

The egg futures is the latest in China's effort to broaden the range of produce futures to promote production.

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