Core Insights - The Zhengzhou Commodity Exchange (ZCE) is promoting the "Options+" model for sugar to enhance risk management capabilities in the sugar industry through a series of training activities [1][2] - The training sessions aim to educate industry participants about futures and options tools, which have gained increasing attention from sugar enterprises [1][2] - Yunnan province, as China's second-largest sugar production area, is expected to produce 2.4188 million tons of sugar in the 2024/2025 season, marking a 19.04% year-on-year increase [1] Group 1 - The ZCE has organized three "Options+" training sessions in Kunming, Yunnan, targeting industry enterprises, traders, and member units to improve understanding of futures and options [1] - The training has led to innovative uses of options tools among sugar companies, fostering new hedging models and a strong willingness to learn about risk management [1][2] - The training activities are seen as crucial during the market cultivation phase following the launch of sugar options, enhancing recognition of the functions of options among industry participants [1][2] Group 2 - Yunnan Sugar Industry Association's chairman emphasizes the importance of utilizing futures and options tools to promote the development of the sugar industry [2] - The ZCE has supported Yunnan's sugar industry by increasing delivery points and adjusting warehouse layouts based on logistics changes [2] - The scale of sugar futures delivery warehouse receipts in Yunnan reached a record high, with 11,033 receipts recorded in May [2] Group 3 - The head of Yunnan Yingmao Sugar Industry Group highlights the challenges faced in the 2024/2025 season due to market volatility and external factors [3] - The training sessions provide a platform for systematic learning and in-depth communication, helping enterprises understand and utilize options effectively [3] - The goal is to transform the power of financial derivatives into management and development advantages for industry enterprises [3]