Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, July 01 2022 - 23:16
AsiaNet
Xinhua Silk Road: Kelan Cashmere Goat Price Index released in N. China's Shanxi
BEIJING, July 1, 2022 /PRNewswire-AsiaNet/ --

The Xinhua-Kelan Cashmere Goat Price Index(https://en.imsilkroad.com/exponent) 
was released on Wednesday in Kelan County, north China's Shanxi Province, 
aiming to boost the high-quality development of Kelan cashmere goat industry.

As the first cashmere goat price index(https://en.imsilkroad.com/exponent) in 
China, the index comprehensively and objectively reflects the price information 
of all links of Kelan cashmere goat industrial chain, provides pricing 
reference for the market, and boosts the revitalization of characteristic 
industries with digital tools.

Located in the northwest of Shanxi Province, Kelan County has unique advantages 
in developing goat raising industry. Over the years, Kelan has gradually formed 
a cashmere goat processing system integrating leather, wool, cashmere and meat 
production.

By the end of 2021, Kelan County had raised nearly 660,000 goats, including 
550,000 cashmere goats, with 136 tonnes of cashmere and 306 tonnes of wool 
having been produced. The annual output value of goat industry reached 252 
million yuan, accounting for 60 percent of the total output value of local 
animal husbandry.

Jointly developed by China Economic Information Service (CEIS) and the 
government of Kelan County, the index is expected to objectively reflect 
industrial development trend and improve market circulation efficiency, which 
will be of great significance to the goat industry development and 
decision-making departments.

The index is an important opportunity for Kelan County's agricultural 
high-quality transformation and upgrading, as well as a major measure for 
industrial revitalization and animal husbandry development, which will have a 
far-reaching impact on the development of the local goat industry, said Meng 
Hongbin, secretary of Kelan county committee of the Communist Party of China 
(CPC).

The goat index will guide the market to circulate more smoothly, promote the 
better dissemination of brand value, accelerate the digital transformation of 
the industry, and achieve high-quality development of the local cashmere goat 
industry, according to Zhang Zhaoxin, researcher of the Research Center for 
Rural Economy (RCRE).

CEIS is an economic information provider under Xinhua News Agency and boasts 
multiple key information service platforms such as the Xinhua Finance, Xinhua 
Silk Road(https://en.imsilkroad.com/), Xinhua Credit, and Xinhua 
Indices(https://en.imsilkroad.com/exponent). Xinhua 
Indices(https://en.imsilkroad.com/exponent) provides comprehensive indices 
compiling, releasing, operating and promotion services.

SOURCE: Xinhua Silk Road


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