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Xinhua Silk Road
Economy

Chinese exchange launches jujube futures

April 30, 2019


Abstract : The Zhengzhou Commodity Exchange (ZCE) in central China's Henan Province on Tuesday launched trading of Chinese jujube futures.

ZHENGZHOU, April 30 (Xinhua) -- The Zhengzhou Commodity Exchange (ZCE) in central China's Henan Province on Tuesday launched trading of Chinese jujube futures.

As the world's first futures trading platform for dried jujube, the ZCE has introduced the first batch of jujube contracts CJ1912, CJ2001, CJ2003 and CJ2005.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said jujube was an important agricultural industry in China, and the futures can provide benchmark prices and tools to avoid risks for enterprises and farmers alike.

He said the futures can also help jujube enterprises improve standards and add more value to products.

Jujube trees are indigenous to China, which has 98 percent of the world's jujube plantations. The plant is a source of income for more than 20 million Chinese farmers.

The demand for the nutritious agricultural product has been on the rise in China. Over 5.6 million tonnes of jujubes were sold in the Chinese market in 2017, up from 3.9 million tonnes in 2005, according to the ZCE.

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Keyword: futures-market

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