Economic Affairs

This study examines China's evolving role in global agricultural commodity pricing mechanisms. International grain and agricultural product trading has long been benchmarked against futures markets such as Chicago. As a major global grain producer and consumer, China is actively seeking deeper engagement in international agricultural market pricing systems. However, several challenges persist: the absence of a strong RMB-denominated regional price benchmark, limited influence over critical supply chain nodes, insufficient internationalization of domestic futures markets, and underdeveloped cross-border agricultural financial services. Against this backdrop, this paper explores the strategic significance and implementation pathways for establishing an international agricultural product futures trading center, aiming to provide diversified references for global agricultural pricing systems.