Core Viewpoint - The "Sugar Industry Worry-Free" project supported by Zhengzhou Commodity Exchange aims to stabilize the sugar industry in Guangxi, ensuring farmers' income and reducing risks for sugar enterprises, thereby promoting high-quality economic development in the region [1][2][6]. Group 1: Project Overview - The "Sugar Industry Worry-Free" project is part of the "insurance + futures" model, designed to provide risk protection for sugarcane farmers while encouraging sugar enterprises to manage risks through the futures market [2][3]. - The project connects sugarcane farmers and sugar enterprises using white sugar futures prices, extending the service along the industry chain compared to traditional models [3][5]. - The project is expected to cover thousands of acres of sugarcane fields in Guangxi, benefiting numerous farmers and cooperatives [5]. Group 2: Benefits for Farmers and Enterprises - For farmers, the project provides a safety net against market price fluctuations, ensuring stable planting income and encouraging higher planting enthusiasm [4][5]. - For sugar enterprises, the project stabilizes the raw material supply chain, reduces risk management costs, and enhances corporate social responsibility by supporting rural revitalization [4][5]. - The project allows sugar enterprises to lock in production costs and smooth operating profits through futures market transactions [4][5]. Group 3: Government and Industry Support - The project aligns with the national strategy for rural revitalization and the directives from the government to strengthen the sugar industry in Guangxi [2][6]. - Zhengzhou Commodity Exchange has continuously improved white sugar futures rules and expanded delivery warehouses in Guangxi to enhance service quality for the local sugar industry [2][3]. - The project is seen as a practical implementation of government initiatives to ensure national sugar security and promote farmers' income [6].