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What impact does the first global listing of Apple Futures have on modern agriculture?
Apple is the first of the four major fruits, and China occupies a major position in the consumption and production of apples. For the fruit farmers of upstream producers, the primary purpose of China's listed apple futures is to respond to the national poverty alleviation project and accurately help the fruit farmers who grow apples, which provides an opportunity for apple hedging and stabilizing the planting income of fruit farmers. For some food production enterprises that need apples as raw materials, such as factories that produce apple vinegar, futures can also be used as hedging to stabilize the purchase price and control the production cost. For Apple traders, it is more operable to purchase or ship, and they can also use Apple futures to price the spot, do term arbitrage and cash out in the future. Finance and traditional agriculture make agricultural production more stable and effectively protect the interests of all parties.