Global price swings lift commodity market

SHANGHAI: Sharp agricultural price swings on the global market have boosted local commodity turnover as food processors, wholesalers and speculators rush to cover risk exposure.

Increased trading has enhanced market liquidity, drawing more players - including an increasing number of growers and speculators.

The Dalian Commodity Exchange, one of the nation's three commodity futures exchanges, was the world's second largest agricultural futures market by trading volume in 2007, the US Futures Industry Association said. The exchange accounted for 29 percent of total trading volume in agricultural futures worldwide.