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.