Xinhua-Changshan Camellia Oil Price Index Officially Launched

General Press Releases Friday January 12, 2018 14:44
BEIJING, China--12 Jan--Xinhua-AsiaNet/InfoQuest

The Xinhua-Changshan camellia oil price index, jointly compiled by China Economic Information Service (CEIS) under Xinhua News Agency and the government of Changshan County in Zhejiang Province, was launched on January 6.

"The Xinhua-Changshan camellia oil price index reflects the changes of the factors affecting the whole camellia oil industry chain, which will help to increase the influence and pricing power of China's camellia oil industry in the world and also boost income for camellia oil farmers," said Su Huizhi, vice president of CEIS.

The index is based on producer prices of camellia oil companies in Changshan and fully reflects price trends of raw material (upstream), oil products (midstream) and secondary products (downstream). The index starts from 1,000 with the prices in November of 2015 as the base data.

Since the base period, the index witnessed a year-on-year growth. The aggregate price index inched up 79.25 percent in December, 2017 compared to that of the base period. Meanwhile, the price index for raw materials, oil, and by-products surged 63.37 percent, 72.68 percent, and 183.72 percent respectively.

Liu Zhiwei, Executive Vice Secretary-General of the Woody Oil Division of Chinese Forestry Industry Association, said that Xinhua-Changshan camellia oil price index plays a decisive role in the allocation of market resources, improves the efficiency in market operation, and boosts the high-quality development of camellia oleifera seed oil.

CEIS is a wholly-owned company of Xinhua News Agency, and boasts five national-level platforms including Xinhua Finance, Xinhua Silkroad, Xinhua Credit, Shanghai Petroleum and Natural Gas Exchange (SHPGX) and Xinhua Think Tank. Since its restructuring in April 2016, CEIS has launches a series of products with widespread impact.

Source: China Economic Information Service (CEIS)
Image Attachments Links:
http://asianetnews.net/view-attachment?attach-id=304699
AsiaNet 71857

Latest Press Release

4WD Supa Centre offers a great selection of portable generators and silent generators every camper will drool for. Visit our website today!

The way people and their families go camping has shifted dramatically since the introduction of portable camping generators. What once was a dark and cold night spent in the wilderness has become a time to bond with family and friends outdoors without...

Trader Vics legendary Sunday Brunch is now even more vibrant and flavourful

Trader Vic's legendary Sunday Brunch on the riverside gets even more vibrant and flavourful beginning Sunday 29 April 2018 in the luxury of Anantara Riverside Bangkok Resort. Get together with family and friends and explore exotic world tastes, live chef...

Photo Release: CELEBRATED THE GRAND CHAPTER OF THE CONFRERIE DU SABRE D OR THAILAND

Mr. Thomas Schmelter, Ambassador Confrerie du Sabre d' Or Thailande and General Manager of InterContinental Bangkok with Mrs. Mary Claire, Mr. Henry Widler, Gouverneur de la Confrerie du Sabre d' Or – Asia & Pacific, Mr. Jean-Claude Jalloux...

Governments Fiscal Balance Report: The First half of Fiscal Year 2018

Ms. Kulaya Tantitemit, Inspector General of Ministry of Finance and Ministry of Finance's Spokesman, announced the government fiscal balance for the first half of fiscal year 2018 (October 2017 - March 2018). The government has received 1,018,120 million...

Photo Release: Centara Grand at CentralWorld welcomes President of the Association of National Olympic Committee

Sheikh Ahmed Al-Fahad AI-Ahmed AI-Sabah (left), President of the Association of National Olympic Committee was welcomed by Robert Maurer Loeffler (right), General Manager & Corporate Director of Operations (City Hotels Thailand, Hua Hin) on his...

Related Topics