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China Opens Soyoil Futures Exchange
BEIJING - Jan 9/06 - SNS -- Soybean oil futures trading got underway today at the Dalian Commodities Exchange in China's northeastern Liaoning Province.
Zhu Yuchen, general manager of the Dalian exchange told the Xinhua news service, "I expect booming trade of soybean oil futures. The Dalian exchange has seen robust trading of bean dregs since the product was launched last year."
Last week, China launched a white sugar futures contract at the Zhengzhou exchange in Henan. The country now has three futures exchanges in Dalian, Shanghai and Zhengzhou. Commodities covered include: bean dregs, soybean, maize, soybean oil, copper, aluminum, natural rubber, fuel oil, cotton, wheat and sugar.
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