Hongye Futures and Nanjing PICC's first financial subsidy type live pig futures price insurance successfully paid.

Xinhua News Agency, June 16, PICC Nanjing property Insurance Nanjing Co., Ltd. jointly with Hongye Futures landed the first pilot price insurance of live pig futures in Gaochun, Nanjing. The proportion of financial subsidy for the single live pig futures price insurance is 80%, and the farmers only pay 20%. The insured is Nanjing Pinus koraiensis Ecological Agriculture Development Co., Ltd., the insured quantity is 50.75t (406 live pigs), the total premium is 35136.38 yuan, and the target price of live pigs is 17590 yuan / ton.