China launches apple futures

    Source: Xinhua| 2017-12-22 23:31:20|Editor: yan
    Video PlayerClose

    ZHENGZHOU, Dec. 22 (Xinhua) -- The world's first apple futures contracts started trading on the Zhengzhou Commodity Exchange in central China's Henan Province Friday morning.

    China is the world's largest apple grower and consumer, and its apple output and farms have been increasing over the past decade. In 2016, China had 2 million hectares of apple trees with an output of 43.88 million tonnes, accounting for 57 percent of global supply.

    Fang Xinghai, deputy head of the China Securities Regulatory Commission, said it is the world's first fresh fruit futures contract and demanded the Zhengzhou exchange enforce strong supervision and risk management.

    Apple cultivation is key to China's poverty alleviation campaign, as many of China's poor areas rely on apples as a major income source. Among the 122 key apple-growing cities and counties listed by the Ministry of Agriculture, 33 are designated as national-level impoverished counties.

    Currently, apple prices are solely determined by the market, and farmers and enterprises are at the mercy of market price fluctuations.

    The launch of the futures is expected to make prices more transparent and help growers hedge against price risks.

    It is the task of the futures market to turn apples into a stable source of income for farmers in impoverished regions, Fang said.

    "The purpose of launching apple futures is not merely to have a new product, but to help the real economy," said Chen Huaping, president of the Zhengzhou exchange.

    Chen said the exchange will develop derivative products of the futures.

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011105521368461991
    主站蜘蛛池模板: 国产无av码在线观看| 手机在线看片国产| 在线观看免费av网站| 久久婷婷激情综合色综合俺也去| 男人的天堂影院| 国产免费av一区二区三区| 97热久久免费频精品99| 撒尿bbwbbw| 亚洲一级毛片在线观| 男人天堂网在线视频| 国产丰满眼镜女在线观看| 12至16末成年毛片| 好吊色欧美一区二区三区四区| 久久午夜综合久久| 欧美同性videos免费可播放| 全彩熟睡侵犯h| 韩国免费A级作爱片无码| 国产精品无码电影在线观看| www久久精品| 日日操夜夜操狠狠操| 亚洲中文字幕不卡无码| 爱情岛论坛亚洲永久入口口| 喷出巨量精子系列在线观看| 黑人巨茎大战欧美白妇免费| 国产裸拍裸体视频在线观看| 一本一本久久a久久综合精品蜜桃 一本一道av无码中文字幕 | 精品女同一区二区三区免费站 | 国产欧美一区二区三区在线看 | 欧美日韩3751色院应在线影院| 免费在线观看中文字幕| 色综合天天色综合| 国产成人综合亚洲AV第一页| 88av免费观看| 女主调教贱女m视频| 中文字幕乱码无线码在线| 日韩一级在线观看| 亚洲va无码va在线va天堂| 欧美精品一区二区三区在线| 免费无遮挡无码永久在线观看视频 | 国产资源在线视频| jizz在线播放|