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What is early indica rice? Where is it made in China? Why become futures?
In other words, there are two kinds of early rice futures, one is indica rice and the other is japonica rice, which is glutinous rice. Indica rice is the rice we usually eat. The main producing areas of indica rice in China are Hunan, Hubei, Guangdong, Guangxi, Sichuan and Hainan, and most of them are double-cropping rice. The first quarter is the early rice futures we are doing now. Hainan is because of its low latitude.