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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