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BEIJING, Dec. 10, 2020 /Xinhua=KYODO JBN/ --

A series of indices, designed to objectively and accurately reflect the price

trend of tropical agricultural products and prospects of related industries,

were officially released at a seminar on building the price index publishing

center for international tropical agricultural products held recently in

Haikou, capital city of south China's Hainan Province.

The indices, jointly compiled by China Economic Information Service (CEIS) of

Xinhua News Agency, People's Government of Chengmai County of Hainan Province

and Haiken Group (HSF), consists of China banana industry development index,

China natural rubber market confidence index, areca nut industry climate index,

and global banana industry technological competitiveness index.

Taking prices as the core, the release of the indices could guide agricultural

production through price and information transmission and help industry

entities gain market voice, said Wang Weijian, analyst with Xinhua Indices of CEIS.

According to Wang, these indexes are effective tools for market analysis,

monitoring and early warning, as well as industrial investment.

Since 2016, CEIS, together with People's Government of Chengmai County of

Hainan Province and HSF, have compiled a total of 12 tropical agricultural

products price indexes, covering five major tropical agricultural products,

namely natural rubber, bananas, pepper, betel nut, and agarwood.

The construction of the price index publishing center for international

tropical agricultural products is a significant milestone in boosting the

high-quality development of Hainan's characteristic tropical agriculture, said

Yang Mu, president assistant of CEIS, adding that price indexes are playing a

more important role in serving the Hainan freetrade port to integrate itself

into the global economic system.

CEIS is the main body responsible for the integrated management and operation

of Xinhua News Agency's economic information. It undertakes four major

information service platforms including the national financial information

platform "Xinhua Finance", the Belt and Road-centered comprehensive information

service platform "Xinhua Silk Road", the national credit information service

platform “Xinhua Credit" and the "Xinhua Indices".

Source: CEIS

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   Caption: A series of indices, designed to objectively and accurately reflect the price

trend of tropical agricultural products and prospects of related industries, is released

at a seminar held recently in Haikou, capital city of south China's Hainan Province.