The listing of eggs ** boosts the development of agriculture, rural areas and farmers

At present, the number of layer chickens in China is about 1.5 billion, ranking first in the world. According to statistics from market-related agencies, there are more than 10 million people employed in layer industry in China, and the annual output value of egg industry including hatchery, chickens, eggs, egg processing and chicken elimination exceeds 150 billion yuan. In 2009, the annual output value of breeders of chickens, laying hens, eggs, retail, feed, veterinary drugs and vaccines exceeded RMB350 billion.

Statistics show that in 2009 China's per capita consumption of eggs was about 18 kilograms, which was far higher than the world average of 9.5 kilograms, but lower than the average level of 23 kilograms in Europe and the United States. It can be seen that there is still much room for development in China's layer chicken breeding industry.

China's egg prices fluctuate drastically, according to related parties, in recent years, due to uneven egg production levels, egg prices remain unstable. In the winter, when the disease is high, it will reduce the amount of livestock. After the formation of typhoon in the summer, transport problems will lead to poor circulation of eggs and cause egg price fluctuations. This has a huge impact on the production and operation of the domestic hen-related industries.

In recent years, the national egg price trend has shown an overall upward trend. From 2000 to June 2003, the price of eggs was relatively stable, generally fluctuating around RMB 5/kg. After June 2003, it oscillated upward. In June 2011, the national average price of eggs exceeded 10 yuan/kg, which was more than doubled from June 2003. Since 2012, the price of eggs has dropped slightly, but overall, it is still oscillating at high levels due to various factors.

According to statistics from the Ministry of Agriculture, the average wholesale price of eggs in China in March 2012 was around RMB 7/kg, and it rose to RMB 9.5/kg in September 2012. The increase rate was as high as 35.7% in half a year. Later, due to increased supply and weak demand, China's egg prices have been falling. As of the middle of this month, the average price of egg wholesale in China was 8.44 yuan/kg, which was 11.2% lower than that in September 2012.

The introduction of egg futures helps the development of “agriculture, rural areas and farmers”. Eggs are end-use food products. They are kept from laying hens, preserved eggs and transported eggs, and then arrive at the table. The industry chain is long. Its prices are easily affected by factors such as the macroeconomic situation, market supply and demand, egg production costs, logistics and transportation conditions, and epidemic conditions. The price volatility is huge. Current related companies have not yet effectively evaded market risks.

According to relevant officials of Daishang Group, the egg quality standards that are promoted with the listing of egg futures are conducive to the intensification, scale, and sustainable development of the country's layer chicken husbandry. Related companies can also use egg futures to evade the risk of market price fluctuations and achieve the goal of stabilizing business operations. At the same time, egg futures have a positive effect on expanding the employment of farmers, increasing the income of farmers, and improving the level of rural economic development.