Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Dalian exchange set to hog futures
Adjust font size:

The Dalian Commodity Exchange, China's biggest agricultural bourse, said accelerating the start of hog-futures trading could help boost efforts to increase pork production and stabilize prices.

Rising production costs and concerns about oversupply have stymied farmers' interest in raising pigs, so futures would be a tool to help them minimize risks, Liu Xingqiang, general manager of the exchange, said in an e-mailed statement yesterday.

China has given incentives to farmers to address a slump in pork output that caused prices of the meat to almost double in the past year. As pig-raising had been mostly unprofitable in the past three years, farmers' worries about unforeseen price falls make them reluctant to breed the animals, Liu said.

High pork prices are "fundamentally a market problem," and can only be solved in the long term through the market, Liu said. "The launch of hog futures should be sped up," to help gauge prices for the next year, Bloomberg News said.

The Dalian exchange has conducted mock hog deliveries against contracts in Wuhan and Guangzhou, and is ready to start trading the hog futures contract, Liu said.

(Shanghai Daily March 17, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Moves Afoot for Hog Futures
- Pork price rise sows seeds for return to old business
- Cost of pork expected to fall in second half
- Online views of pork and passion
- Pork prices to remain high at year end: MOC
Most Viewed >>
- Jim Rogers: Don't sell Chinese stocks
- Wholesale prices up 9.2% in Feb
- Per capita housing space triples in 20 years
- China Huaneng the winner in race to buy Tuas Power
- China enters critical stage of reform, development

May 15-17 Shanghai Women's Forum Asia

Dec. 12-13 Beijing China-US Strategic Economic Dialogue

Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?