SHMEX rapeseed futures added to ICI index

Shanghai, SHMEX announced today that the Exchanges Rapeseed Futures Contract has been added to the benchmark International Commodity Index(ICI) for the first time. The index now gives Asian rapeseed a weight of 0.25%. End Quote

(1888PressRelease) February 04, 2010 - The index was designed to meet the need for consistent investing in a broad-based international vehicle; it represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products. The value of this basket is tracked via futures contracts on 36 different exchange traded physical commodities, quoted in five different currencies, listed on twelve exchanges in five countries.

Jane Simpson, Chairman of Simpson Holdings and founder of the International Commodity Index, said: "We're pleased to include the SHMEX Rapeseed Futures in the International Commodity Index. We continue to review and maintain the Index to reflect the underlying market, which is a key reason why theICI is one of the most diverse, stable, and successful commodity indices in the market."

Ann Liu Chang, Director, Commodity Derivatives, said: "We originally launched the Asian rapeseed contract to enable customers to hedge movements in the price of this increasingly important agricultural commodity, which is used for feed, oil, and also as a fuel.

The ICI Committee's decision to include SHMEX Rapeseed Futures Contract reflects the contract's growing global significance, and we expect that it will further increase interest in our market."

http://www.shmex.org

###

Visit Shmex Website

space