Will China's little piggies soon go to the market?
CHINA - China should allow pigs to be bought and sold on commodity exchanges in an effort to stabilize fluctuant pig prices and increase farmers' incomes.So said Zhu Yuchen, director of the Dalian Commodity Exchange (DCE) and deputy of the 10th National People's Congress (NPC), speaking yesterday in Beijing.
"An exchange will help to stabilize the price of pigs, reduce related risks for producers and consumers, and help to increase farmers` income in rural areas," Zhu said.
Since 2000, the DCE has been studying the feasibility of having a futures exchange on pigs.
The China Securities Regulatory Commission (CSRC) said it would look into the idea.
"In the long run, we hope there will be more and more different types of products transacted in futures exchanges. But first the CSRC needs to organize a team to do some research on the feasibility of pig transactions on commodity exchanges," said an assistant to Zhang Banghui, vice-director of the department of futures supervision with the CSRC.
Source: ChinaDaily
15 March 2006
2 minute read
