BEIJING, Dec 16 (Reuters) - China’s securities regulator said on Friday it had approved the launch of options contracts for white sugar and soymeal, which will be the first agricultural derivatives products in the world’s biggest commodity market.
The China Securities Regulatory Commission (CSRC) said in a statement it had given the go ahead for Dalian Commodity Exchange to list soymeal options and for Zhengzhou Commodity Exchange to have white sugar options.
Dalian already has oil and oil seed futures, including soybean, soybean meal, soybean oil and palm oil, and these account for just under half of the trading volume in China’s agricultural futures. (Reporting by Beijing newsroom and Josephine Mason. Editing by Jane Merriman)