BEIJING (BEIJING), November 7, 2018 / PRNewswire / – China Economic Information Service (CEIS) at Xinhua News Agency, Puerh Municipal Government and Yunnan International Coffee Exchange, jointly presented the Xinhua-Yunnan Coffee Price Index (Puer) (Xinhua-Yunnan (Pu’er) Coffee Price Index). The presentation of the new index took place on November 1 in Beijing.
The main objective of the index is to increase the influence and international recognition of the coffee brand grown in the southwestern Chinese province of Yunnan, and also to provide basic background information for subsequent state monitoring, scientific planning of planting and making trading decisions.
The index system includes the Xinhua-Yunnan (Puerh) coffee weighted average purchase price index (Xinhua-Yunnan (Pu’er) Composite Price Index) and the Xinhua-Yunnan coffee positional price index (Puerh) (Xinhua-Yunnan (Pu’er)) Single -item Price Index). The indices imply a sample of prices for unroasted coffee beans grown in the five main areas of Yunnan – Puer, Dehong, Baoshan, Lintsan, and Xishuangbanna.
As the deputy head of the province, being the largest coffee growing base in China, Yunnan needs an authoritative, influential and fair price index reflecting the trends of the coffee industry, and the publication of such an index will be a powerful incentive for expanding and modernizing the provincial industry chain and will also serve as the foundation for the targeted implementation of measures to combat poverty through the industry of industrial coffee growing.
According to the vice-president and general secretary of the Xinhua News Agency, Mr. Liu Zhengrong, the publication of the index will play an important role in regulating prices and market conditions, as well as in promoting the orderly development of the Yunnan coffee industry.
The first data of the index of weighted average purchase prices for Xinhua-Yunnan coffee (Puerh) show the ten
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