Tuesday, December 16, 2014

Chinese egg exports to Australia?

China is the world’s largest grower of egg laying hens and has been the largest producer of eggs for the last 28 years.

It has a massive volume of egg exports – around 260 million a year value at around $15 million. Many of those eggs go to the United States, but given the new trade deal signed between China and Australia, some of that volume could be heading here.

In an effort to stabilize egg prices by increasing liquidity and promote stable development in the egg industry, the China Securities Regulatory Commission endorsed the Dalian Commodity Exchange to initiate egg futures trading. The first egg futures traded in November 2013.

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