Industry standards created for live pig futures
8 January 2008
A government panel passed China's first standards for a futures market for live pigs on Monday, state media reported. Officials hope that the introduction of live pig futures will stabilize pork prices, which increased sharply in 2007, and contributed to a rise in China's consumer price index of 4.6% over the first 11 months of the year. The Dalian Commodity Exchange is one of three futures exchanges in China, alongside the Zhengzhou Commodity Exchange and the Shanghai Futures Exchange, where gold futures products will debut on January 9.
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