Live pig futures considered in China
China is considering launching a live pig futures market to stabilise pig
Speaking at a forum on animal husbandry modernisation held in Dalian, Guo
Xiaoli, vice general manager of Dalian commodity exchange (DCE) emphasised the
risks of pig price fluctuations for raisers, processors, traders as well as
consumers in China.
Pig prices in China rose in June 2003 and peaked in October 2004. But the
prices declined since then, causing losses to most of the industry in 2005.
biggest futures exchange by trading volume, said it has made studies on live pig
futures since 2000. The exchange feels the time now is ripe to launch the new
According to DCE, the pig futures are likely to be launched in central China
like Hunan, Hubei or Henan. All the three are among the top five largest pig
producing provinces in China.
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