Early indica rice futures launch early indica rice varieties
Early indica rice refers to indica rice with short growth period and early harvest period. Generally, the abdomen of rice grains is white, and there are fewer horny grains. The main content of early indica rice futures contract is close to that of wheat futures: the trading unit is 20 tons/lot; The quotation unit is Yuan (RMB)/ton; The minimum price change is 1 yuan/ton; The daily price fluctuation is limited to 3% of the settlement price of the previous trading day and the relevant provisions of the Measures for the Control and Management of Futures Trading Risks of Zhengzhou Commodity Exchange; The minimum trading margin is 5% of the contract value; The highest transaction fee is 2 yuan/lot (including risk reserve); Deliver in the designated delivery warehouse by physical delivery.