Soymeal leads China charge into commodities derivatives

Beijing

SOYMEAL, a chief ingredient in tofu, is set to provide rich nutrition of another kind: China is using the animal feed staple to blaze a trail in commodities derivatives, fuelling its appetite for global investment hub status along the way.

On Friday, Dalian Commodities Exchange, one of four futures centres in China, will roll out a soymeal option, the country's first exchange-traded product of its kind in commodities.