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China exchange hatches egg future plan

Posted on 07 November 2013

Recognising that investors should not put all their eggs in one basket, a Chinese commodities exchange is offering a novel futures contract to hedge against risk. The Dalian Commodity Exchange, China’s main market for agricultural product trading, said it will begin trading chicken egg futures on Friday.
Futures are an agreement to deliver or take delivery of a commodity or financial instrument at a set date and price. “As China’s first livestock futures product and fresh agricultural product, the introduction of egg futures has profound meaning for the industry and development of the futures market,” the exchange said in a statement on Wednesday………………………………………..Full Article: Source


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