Country for PR: China
Contributor: Xinhua News Agency
Friday, January 04 2019 - 17:31
AsiaNet
Trading center for Hainan international tropical agricultural products inaugurated in Haikou
HAIKOU, China, Jan. 4, 2019 /Xinhua-AsiaNet/ --

The trading center for Hainan international tropical agricultural products was 
inaugurated in Haikou, capital of south China's Hainan Province on December 18, 
2018.

On the same day, the Xinhua-HSF natural rubber series price indexes were 
released, consisting of concentrated latex price index, standard rubber (TSR20) 
price index, mixed rubber (20#) price index, and field latex price index.

The series of indexes, compiled jointly by China Economic Information Service 
(CEIS) of Xinhua News Agency and Hainan State Farms Investment Holdings Group 
Co., Ltd (HSF), is China's first price index system that integrates rubber 
production and sales.

The release of such series price indexes is expected to further increase the 
popularity of Hainan international agricultural products, such as field latex, 
at home and abroad, and expand the international influence of HSF.

Su Huizhi, vice president of CEIS said that the natural rubber series price 
indexes realize the combination of big data and related industries, which will 
gradually form a credible value benchmark for natural rubber by collecting and 
refining large amounts of market data to improve transaction efficiency and 
credibility.

At present, HSF has made extensive economic and trade cooperation with 
countries along the Belt and Road routes, including Thailand, Malaysia, 
Singapore, Cambodia, and Sierra Leone, and become the world's first 
multinational company with the largest area of rubber planting and trade 
volume. So far in 2018, its overseas revenue has accounted for more than 80 
percent of its total.

Yang Sitao, chairman with HSF said that the trading center for Hainan 
international tropical agricultural products will continuously improve the 
trading mechanism, strengthen the construction of digital platform, and 
optimize the mode of service, so as to introduce more tropical agricultural 
products from Hainan and overseas countries onto the platform for trading. 

Source: China Economic Information Service

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