Apple futures fuel "speculative boom"

    Source: Xinhua| 2018-05-20 09:57:07|Editor: Liangyu
    Video PlayerClose

    ZHENGZHOU, May 20 (Xinhua) -- In less than five months, China's apple futures have fuelled a "speculative boom" among investors, with the highest daily turnover reaching 616.3 billion yuan (about 96.65 billion U.S. dollars).

    Chang Qichao is an apple dealer in Lingbao, central China's Henan Province. He has paid close attention to the changes in the price of apple's futures recently.

    Under the expectation of a decline of apple production, the price of apple futures has been soaring since April. The sudden rise has drawn a large number of opportunists into the market.

    Wednesday marked the most active day for the apple futures trade, with the daily trade volume surpassing the annual apple production in China.

    China, the world's largest apple grower and consumer, launched the world's first apple futures contracts on Zhengzhou Commodity Exchange in Henan Province in December 2017, to help growers hedge against risks amid price fluctuations.

    To counterbalance the speculative boom, the Zhengzhou Commodity Exchange has introduced risk prevention and control measures. The market stabilized after the daily turnover dropped more than 3 percent on Thursday and Friday.

    Chang said he became very interested in the product due to these circumstances and he will apply to become a delivery warehouse for apple futures.

    China's apple output has been increasing over the past decade. It had 2 million hectares of apple trees with an output of 43.88 million tonnes in 2016, accounting for 57 percent of global supply.

    Apple growing is an important part of China's poverty alleviation campaign, as many of the country's impoverished areas rely on apples as a major income source.

    China has been stressing the role that financial services play in the real economy, and issued futures contracts for commodities including white sugar, soybean meal, and cotton yarn.

    TOP STORIES
    EDITOR’S CHOICE
    MOST VIEWED
    EXPLORE XINHUANET
    010020070750000000000000011100001371924851
    主站蜘蛛池模板: 波多野结衣大战三个黑鬼| 亚洲欧美日韩精品久久奇米色影视 | 三上悠亚国产精品一区| 欧美乱人伦人妻中文字幕| 免费大片黄在线观看| 香蕉视频在线观看网站| 国产香蕉一区二区三区在线视频| 中文天堂最新版www在线观看| 最强yin女系统白雪| 亚洲欧美人成综合导航| 精品久久久无码人妻中文字幕| 国产午夜福利100集发布| 18禁裸乳无遮挡啪啪无码免费 | 精品亚洲成a人无码成a在线观看 | 丰满老熟好大bbb| 最近高清中文在线国语字幕| 亚洲综合色色图| 紧身短裙女教师波多野| 国产女人在线观看| 2021人人莫人人擦人人看| 女人的精水喷出来视频| 久久99国产精品成人欧美| 杨晨晨白丝mm131| 亚洲深深色噜噜狠狠爱网站| 精品人妻一区二区三区四区| 国产亚洲av综合人人澡精品| h无遮挡男女激烈动态图| 在线播放免费人成毛片试看| 一边摸一边揉一边做视频| 日韩av午夜在线观看| 亚洲午夜精品久久久久久人妖 | 亚洲av无码专区在线观看下载| 激情艳妇之性事高h| 又粗又硬又大又爽免费视频播放| 麻豆产精国品一二三产区区| 国产精品免费大片| 97精品人妻系列无码人妻| 嫩b人妻精品一区二区三区| 丰满人妻熟妇乱又仑精品| 日韩成人免费在线| 亚洲av本道一区二区三区四区|