China’s largest agricultural market, the Dalian Commodity Exchange, will begin trading chicken egg futures, Agence France-Presse says. The exchange representatives are sure that they will bring profit not only to farmers, but to investors as well.
The lot size is set at 5 tons. Now, a half-kilogram of chicken eggs costs 3.82 yuan (or 0.63 U.S. cents) on the Chinese customer market.
In the analysts’ opinion, this product still boosts a great demand, even despite the wide outbreak of H7N9 bird flu early this year. That ties to the fact that the list of trading instruments is limited in China.
The Dalian Commodity Exchange trades a range of such commodities. In particular, it is there where the approximate prices for corn and soybeans are set.
China is not the first country to offer egg futures. However, only the People’s Republic of China trades it for now. For example, the United States stopped the trading in 1982, while Japan gave up in 2010. As for the Russian stocks, the St. Petersburg Stock Exchange also was intending to hatch egg contracts.
