|
|
Japanese Non-GMO Soybean Futures (12 July - Cropchoice
News) -- They popped
onto the radar scope this
spring and have been
quietly evolving ever since.
While you might not find
them (yet?) on the Chicago
Board of Trade, non-GMO
soybean futures, which
kicked off on the Tokyo
Grain Exchange (TGE) in
May, have developed into a
steady market in Japan.
Demand is not
small. Almost three times
as many 10,000 kilo
(24,000 lbs.) non-GMO
contracts are being traded
as standard (GMO) ones. The conventional
lot size is 30,000 kilos
(72,000 lbs.), so roughly the same number of
both types of beans
are being exchanged.
Identity preserved yellow
soybeans produced in
Indiana, Iowa, Illinois, Ohio,
Michigan, and Wisconsin
are traded. Prices for the
10,000 kilo non-GMO lots
are currently running at a 9% -10% premium over conventional beans.
The
Tokyo Grain Exchange
(TGE) features a number of
web pages - in English -
where the the market can
be tracked. The TGE's
home page is at www.tge.or.jp. Jump
straight to a daily price
report at http://www.tge.or.jp/english/marketprices.html.
Source: TGE |
