Yunnan Coffee Industry seeks Transformation and upgrading

"in the future, the global coffee field will form a tripod pattern of New York in the United States, London in the United Kingdom, and Kunming in China, which is expected to become the coffee trading center in Asia." At the launching ceremony of Kunming Coffee Trading Center (chip) held on October 28, Xiong Xiangjin, president of Yunnan Coffee Industry Association, told China Industrial and Economic News.

According to reports, Kunming Coffee Trading Center (chip) is jointly established by Yunnan Coffee Industry Association, Yunnan Fine Coffee Association and Yunnan well-known large provincial state-owned enterprise Yuntianhua (600096, Stock Bar) Group. And by Hougu Coffee, Lingfeng Coffee, Zhengding Coffee and other more than 30 local coffee enterprises in Yunnan actively participate in public welfare organizations, aimed at integrating Yunnan and even Asian coffee resources Build a fair and orderly, standardized operation of the international coffee market trading platform.

According to Xiong Xiangren, president of Yunnan Coffee Industry Association, the establishment, management and operation of Kunming Coffee Trading Center has the advantages of unique climatic conditions and low warehousing costs. In terms of capital operation, it will mainly rely on industry associations to raise shares and regional commercial banks to advance credit and other ways to raise operational funds, which belongs to the industry plus capital industry-financial combination mode. The business scope of Kunming Coffee Trading Center (chip) will involve the release of industry information, coffee spot trading and investment and financial management of coffee products, and is expected to become Kunming as the center, taking into account the interests of major coffee producing areas in Yunnan Province. radiate the coffee trading market in Southeast Asia and South Asia.

As one of the largest state-owned enterprises in Yunnan Province, Yuntianhua Group enters the coffee industry and participates in the preparation, construction, management and operation of Kunming Coffee Trading Center, which can give full play to its unique domestic and international advantages. it is beneficial to introduce coffee products from major global coffee producing countries such as Vietnam and Indonesia to Kunming for trading. "as an agriculture-related state-owned enterprise dominated by the heavy chemical industry for many years, Yuntianhua is not only a concrete measure to seek the extension of the industrial chain, but also to" change the way and adjust the structure ". An exploration and attempt to promote the transformation and development of state-owned enterprises." The person in charge of Yuntianhua Group, who attended the listing ceremony of Kunming Coffee Trading Center (chip), said in an on-the-spot interview with a reporter from China Industrial and Economic News.

As the primary sponsor of Kunming Coffee Trading Center (chip), Lin Yingxue, chairman of Yunnan Zhengding Coffee Co., Ltd., which has long been engaged in coffee import and export trade, said in an interview with China Sankei News that after Kunming Coffee Trading Center (chip) is established, it will promote the formation of Yunnan coffee product trading standard system. We will further improve the coffee product calibration and grading, hierarchical pricing mechanism and quality traceability certification system. In addition, after the completion of the trading center, it will also provide product quality testing and other related services for coffee enterprises, farmers and coffee investors, so as to promote the standardized operation of Yunnan coffee market and the sustainable development of the industry.

It is also understood that the current coffee planting area in Yunnan has exceeded 1.6 million mu, accounting for more than 95 percent of China's coffee planting area. With fine weather and favorable weather this year, the output is expected to reach about 120000 tons. The preparatory work of Kunming Coffee Trading Center is now ready, and the transaction can be formally carried out after the approval of the competent government department.