Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Index reports unveil production trends of rubber, areca nut and agarwood in China 

December 09, 2019


Abstract : Reports on rubber, areca nut and agarwood indices were released at a forum in Boao, south China's Hainan Province on December 1, 2019.

Photo: Reports on rubber, areca nut and agarwood indices are released at a forum in Boao, south China's Hainan Province, December 1, 2019. (Xinhua/Wang Jiru)

HAIKOU, Dec. 9 (Xinhua) -- Overall supply of the natural rubber is expected to be tight in the first quarter of 2020, which will likely lead to the continuous rising of rubber prices, according to an annual report on the Xinhua-HSF natural rubber series price indexes (2018-2019).

The report shows that the sufficient supplies of the natural rubber on a global scale will continue in the short term due to the large production capacity.

The report was released jointly by China Economic Information Service (CEIS) of Xinhua News Agency and Haiken Group (HSF) at the 2019 Boao Forum for Entrepreneurs recently held in south China's Hainan Province.

The two enterprises at the forum also released a report on the areca nut industry in 2018-2019. The report shows that without a significant increase in the demand side, the areca nut fruits purchase price is expected to decline in December this year.

Meanwhile, CEIS and Chengmai County Government of Hainan Province released a report on the climate index of the agarwood industry. The report reveals that China's agarwood industry climate index in the first half of 2020 will be 130.19 points, well above the 100-point, implying the domestic agarwood enterprises' high expectations for the industry development.

"Chengmai County is the 'hometown of agarwood of China'. In the past three years, the average annual growth rate of agarwood planting area in Chengmai was 10.17 percent," said He Chunlong, deputy chief of Chengmai County.

The continuous release of rubber, areca nut and agarwood indices will help build brands of Hainan's characteristic agricultural products, said Kuang Lecheng, vice president of CEIS.

CEIS is the main body responsible for the integrated management and operation of economic information business of Xinhua News Agency. It undertakes four major information service platforms, namely 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".

Haiken Group, a solely state-owned enterprise by the People's Government of Hainan Province, boasts sound industrial basis of natural rubber, tropical agriculture, livestock breeding, tourism real estate, trade logistics and financial service. (Edited by Hu Pingchao, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Xinhua-HSF Natural Rubber Index Xinhua-HSF Areca Nut Price Index

Reading:

Chinese major software developers to jointly build operating system

China's bulk commodity market rebounds in November

China's "new third board" raises 24.74 bln yuan in January-November

China's AI market to reach 11.9 bln USD by 2023: white paper

China's weekly export container shipping index drops

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial