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Zhang Daofeng Shi Sining

With the approval of the China Securities Regulatory Commission, egg, corn starch and live pig options were listed for trading at Dalian Commodity Exchange at 9 am today. The first batch of listed contracts for the three options totaled 262. The underlying assets of the egg, corn starch and live pig options listed today are egg, corn starch and live pig futures, respectively.

Options refer to the right to buy or sell a certain amount of underlying assets at a specific price at a specific time in the future. Options are more flexible, sophisticated, and efficient, and can therefore better meet the hedging needs of enterprises for complex risks.

As a high-quality protein source, eggs are the main poultry egg variety in my country and a very common nutritious food on the table of the people. In 2023, my country's egg production was nearly 30 million tons and consumption was 29.38 million tons. Pigs are the main source of meat for Chinese residents. In 2023, my country's pig output was 726.62 million heads and pork production was 57.94 million tons. Corn starch, as the largest starch variety in my country, is an important raw material for starch sugar, food, medicine and other industries.

It is understood that egg, corn starch and live pig futures were listed on the Dalian Commodity Exchange in 2013, 2014 and 2021 respectively.

Today, after the listing of three options products, namely eggs, corn starch and live pigs, my country's futures market will have 45 commodity options products, covering areas such as agriculture, energy, chemicals and non-ferrous metals, further expanding the coverage.

(CCTV reporter Zhang Daofeng and Shi Sining)