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China launches hog futures on Dalian exchange after African swine fever triggers wild swings in pork prices, inflation

China launches hog futures on Dalian exchange after African swine fever triggers wild swings in pork prices, inflation China accounts for almost half of the world’s consumption of pork. Photo: Reuters China has kick-started the trading of hog futures as the world s biggest consumer of pork moves to provide a hedging tool for breeders who experienced bouts of wild price swings over the past two years caused by the African swine fever outbreak. Three types of contracts debuted on the Dalian Commodity Exchange on Friday. Opening a contract requires about 40,000 yuan (US$6,186) based on the minimum margin requirement of 8 per cent set by the exchange operator. Prices slumped by almost their 16 per cent limit.

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