Group 1 - The Zhengzhou Commodity Exchange (ZCE) held three "Options+" training sessions in Kunming, Yunnan, aimed at enhancing the sugar industry's ability to manage risks using options [1] - The training sessions were well-received, with increased interest from sugar companies in utilizing options tools, leading to the development of new hedging models [1][2] - Yunnan is the second-largest sugar production area in China, with a projected sugar output of 2.4188 million tons for the 2024/2025 crushing season, representing a 19.04% year-on-year increase and accounting for 21.67% of the national total [1] Group 2 - Industry representatives noted that the training sessions helped improve understanding of the functions of options, particularly during the critical market cultivation period following the launch of sugar options [2] - The training included discussions on integrating futures and options, which can effectively promote investment and production alignment [2] - The chairman of the Yunnan Sugar Industry Association emphasized the importance of utilizing futures and options tools to support the development of the sugar industry [2] Group 3 - The head of Yunnan Yingmao Sugar Industry Group highlighted the challenges faced in the 2024/2025 crushing season due to various uncertainties in domestic and international markets, as well as macroeconomic factors [3] - The training provided a platform for systematic learning and in-depth communication, helping industry players understand and apply options effectively [3] - The goal of the training is to transform the power of financial derivatives into management and development advantages for industry enterprises [3]