Canola oil and other futures and options were officially introduced to overseas traders


On January 12, the canola oil, rapeseed meal, peanut futures and options of Zhengzhou Commodity Exchange were officially introduced to foreign traders as domestic specific varieties. The relevant launch activities were held in Zhengzhou on the same day by combining online and offline. "The introduction of rapeseed oil, rapeseed meal, peanut futures and options as domestic specific varieties to overseas traders is another important practice for the futures market to actively serve the development and safety of the oil and oil industry. So far, the domestic futures market has realized the introduction of overseas traders on all varieties of futures options in the entire oil and oil industry chain for the first time, which is a major step in the opening up of China's futures market." Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the launch event on the same day. Xiong Jun, chairman of the Zheng Institute of Commerce, said that the introduction of foreign traders in rapeseed oil, rapeseed meal and peanut futures and options would help promote the formation of an international trade model with domestic futures prices as an important pricing reference, and enhance the international influence of the "China price" of oil and fat; It can facilitate relevant industrial enterprises to better use two markets and two resources to manage risks, stabilize production and operation, and better serve China's grain and oil security. It is reported that on the first day of introducing foreign traders, 26 foreign customers from Singapore, Indonesia and other countries and regions participated in the trading of rapeseed oil, rapeseed meal, peanut futures and options. (Xinhua News Agency)

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