Rice futures trading Trial listing extended for 2 years Issue on 7th August 14:45
Japan's only trial rice futures trading at the Osaka Commodity Exchange has been extended for another two years. Increasing the amount of transactions is a challenge for the transition to full-scale transactions.
On May 7, the Ministry of Agriculture, Forestry and Fisheries approved the Osaka Dojima Commodity Exchange to continue a trial rice futures trading for two years.
The Osaka Dojima Commodity Exchange, which has been conducting experimental rice futures trading since 2011, wanted to move to a full-fledged “main listing”, but the Ministry of Agriculture, Forestry and Fisheries It was pointed out that the transaction volume was not met, and he wanted to extend the trial trade.
In rice futures trading, the price of rice to be harvested in the future is determined in advance. There is also a strong argument against the target.
In Dojima, Osaka, rice futures have been traded since the Edo period, and it has become a symbol of “the kitchen in the world”, but it was abolished as economic control became stronger before the war.
The exchange will continue to aim for full-fledged listing, but the challenge will be to increase the transaction volume in the future.