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The National Development and Reform Commission (NDRC) and the Ministry of Agricultural recently published "Guidelines for Accelerating the Transformation of Northeast China's Agricultural Development and Constructing Modern Agriculture." This publication recommends timely launching new Northeastern-focused agricultural futures products at the Dalian Commodity Exchange (DCE).
Some market professionals believe that these guidelines represent a new opportunity for the DCE to list new agricultural futures products such as round-grained non-glutinous rice, which is one of China's key grain products. Currently, China's main round-grained non-glutinous rice production region is in the Northeast, accounting for 46% of the country's rice planted area and over 50% of total yield. In recent years, rice prices have become increasingly volatile, and thus demand for hedging among growers and related businesses has been constantly growing; the market is calling ever louder for round-grained non-glutinous rice futures.
