KUALA LUMPUR, April 24 (Bernama) -- China Economic Information Service (CEIS) and Haiken Group (HSF) recently released 'Xinhua HSF Price Indices' in Haikou, capital city of south China's Hainan Province.
"Xinhua HSF Price Indices intuitively present the price changes of natural rubber, pepper and areca nut, and objectively and accurately reflect factor price fluctuations in different links of the industry chain, thereby providing an open and transparent price guide to the industries," said vice-president of CEIS, Liu Mingxia.
"The indices help players engaged in the production, circulation and processing to duly and accurately study and predict market prices whereby they rationally guide market expectations," added Liu.
The indices include China Natural Rubber Price Index, Pepper Price Index and Areca Nut Price Index, a statement said.
Xinhua HSF China Natural Rubber Price Index is China's first price index system supported by the spot market trade data and connecting the rubber production and sales comprising four sub-indices including concentrated latex, latex, mixed rubber and standard rubber. The index is an important carrier showcasing the influence of China's rubber industry.
As a leader in natural rubber producer and major tropical crop producer in China, HSF has a natural rubber area of 3.69 million mu (15 mu equal one hectare) and a tropical crop area of 1.5 million mu.
Chairman of HSF, Yang Sitao said HSF will widen the cooperation with CEIS to gradually improve the system of Xinhua HSF Price Indices and enrich index dimensions to create internationally influential and credible price indices, and build HSF into a new growth pole for Hainan's economy as well as a characteristic national tropical agriculture demonstration zone.
CEIS is a wholly-owned company of Xinhua News Agency and boasts five national-level platforms including Xinhua Finance, Xinhua Silkroad, Xinhua Credit, Shanghai Petroleum and Natural Gas Exchange (SHPGX) and Xinhua Think Tank.
--BERNAMA
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