December 21, 2010

China considers live hog trading on Dalian Exchange 

China is mulling the launch of live hog futures trading on the Dalian Commodities Exchange, said Liao Yingmin, head of the research division for futures and securities at the State Council's Development Research Centre.

In order to make this happen, China is likely to merge existing live hog forwards trading on medium- and small-sized exchanges into one integrated platform on the Dalian exchange, Liao said.

Several agricultural exchanges host the trading of live hog and pork forwards in China at the moment.

Separately, Liu Xingqiang, general manager of Dalian Commodities Exchange, said the exchange is considering the launch of japonica rice, a local rice variety in northeastern China. The proposal still needs the government's approval, he added.

The State Council in early December unveiled a policy that encourages agricultural products with local planting advantages to be traded on the Dalian exchange.