Zhengzhou Commodity Exchange (ZCE) will promote the listing of sugar option, Zhang Fan, chairman of the Exchange said at a recent forum.
The ZCE has signed memorandum for strategic cooperation with the local government of Guangxi Zhuang Autonomous Region, for jointly cultivating a sugar futures market.
In January-September this year, ZCE traded 126 million lots of sugar contracts, nearly twice that of the same period of 2014. In the first nine months, corporate investors accounted for more than 30 percent of the sugar trades daily with open interests more than 40 percent of the daily total in 2014.
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