Egg Futures to Trade in Dalian

by 5m Editor
5 November 2013, at 6:13am

CHINA - China will start trading of its first egg futures in Dalian on Friday, 8 November.

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.