China Approves Trading in Rapeseed Futures as Imports Increase
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Regulators in China, the biggest consumer of rapeseed after the European Union, approved trading in rapeseed and rapeseed meal futures to help companies manage risks amid rising imports and declining domestic production.
The Zhengzhou Commodity Exchange, one of China’s three futures bourses, has been approved to list the contracts, the China Securities Regulatory Commission said in a statement dated yesterday on its website, without saying when trading may begin. The exchange has had a rapeseed oil contract since 2007.