China will start trading of its first egg futures in Dalian on Friday.
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 4 percent.
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.
China approves egg futures trading
2013-09-28Dalian hatches plan for egg futures
2013-03-20DCE to launch egg futures contract
2013-03-19Dalian exchange ready to hatch egg futures
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