The agriculture, animal husbandry, and fisheries sectors continued their upward momentum today (September 9), with planting chains, aquaculture, and livestock breeding segments leading the gains as of this writing. Xinsai Co., Ltd., Xinnong Development Co., Ltd., COFCO Technology, and Zhongshui Fishery hit their daily price limits, while Yasheng Group surged over 7%. Dongrui Co., Ltd., Guolian Aquatic Products, and Dunhuang Seed also posted notable gains. The CSI All-Share Agriculture, Animal Husbandry, and Fisheries Index, tracked by the Nongmuyu ETF Huabao (159275), rose 0.46%. Note: As of September 8, 2026, the index weightings for Xinsai, Xinnong Development, COFCO Technology, Zhongshui Fishery, Yasheng Group, Dongrui, Guolian Aquatic Products, and Dunhuang Seed stood at 0.44%, 0.33%, 0.9%, 0.34%, 1.12%, 0.31%, 0.54%, and 0.68%, respectively.

Analysts point to a "double whammy" of geopolitical risks and abnormal climate patterns driving a resurgence in food inflation. The global food inflation rate is projected to nearly double from 2.8% in the first half of 2026 to 5%. Rising food prices are expected to push overall inflation up by approximately 0.6 percentage points. Looking ahead, JPMorgan warns that a new round of global food crisis could erupt intensively in the first half of 2027. Goldman Sachs forecasts that if temperatures rise by 1.65掳C, global food prices could cumulatively increase by 15.8% by 2028.

From a valuation perspective, the agriculture, animal husbandry, and fisheries sector remains at relatively low levels, suggesting a potentially favorable entry point. Wind data shows that as of yesterday's close (September 8), the CSI All-Share Agriculture, Animal Husbandry, and Fisheries Index, tracked by the Nongmuyu ETF Huabao (159275), had a price-to-book ratio of 2.52 times, positioning it at the 35.69th percentile over the past five years, highlighting its medium-to-long-term configuration appeal.

Looking forward, Orient Securities states that rising commodity prices have already transmitted to agriculture. From a fundamental perspective, the uptrend in grain prices is now established, with planting and seed industry fundamentals turning positive, making the broader planting investment opportunity increasingly prominent. With expectations of a stronger El Ni帽o, tropical cash crops such as natural rubber, sugar, and palm oil are likely to see expanded upside in prices.

For one-stop exposure to the full agriculture, animal husbandry, and fisheries chain, investors can focus on the Nongmuyu ETF Huabao (159275). According to China Securities Index Company statistics, this ETF passively tracks the CSI All-Share Agriculture, Animal Husbandry, and Fisheries Index, with heavyweight holdings including leading pig farming stocks, alongside coverage of feed, grain planting, and animal health segments. Off-market investors can also access the sector through the Nongmuyu ETF Feeder Fund (Class A: 013471, Class C: 013472).

Note: When subscribing or redeeming fund shares, the authorized securities dealer may charge a commission of up to 0.5%, which includes fees levied by stock exchanges and registration institutions. For fund fee details, please refer to the fund's legal documents.

Risk Disclosure: The Nongmuyu ETF Huabao passively tracks the CSI All-Share Agriculture, Animal Husbandry, and Fisheries Index, with a base date of December 31, 2004, and a release date of December 12, 2016. The index's constituent stocks are adjusted periodically according to its compilation rules, and backtested historical performance does not indicate future index performance. The stocks mentioned in this article are solely an objective display of index constituents and do not constitute any stock recommendation, nor do they represent the fund manager's or the fund's investment direction. Any information appearing herein (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors must bear responsibility for their own investment decisions. Additionally, any views, analyses, or forecasts in this article do not constitute investment advice to readers, and the company shall not be liable for any direct or indirect losses arising from the use of this content. Investors should carefully read fund legal documents such as the Fund Contract, Prospectus, and Fund Product Summary to understand the fund's risk-return characteristics and select products suitable for their risk tolerance. Past performance of a fund does not indicate future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. According to the fund manager's assessment, the Nongmuyu ETF Huabao carries a risk level of R3-medium risk and is suitable for investors rated balanced (C3) or above. Please refer to the sales institution for suitability matching opinions. Sales institutions (including the fund manager's direct sales and other sales channels) evaluate the fund's risk based on relevant laws and regulations. Investors should promptly note the suitability opinions issued by the fund manager, which may not necessarily be consistent across sales institutions. Moreover, the risk level ratings issued by fund sales institutions shall not be lower than the risk level assessment made by the fund manager. The risk-return characteristics and risk levels described in the fund contract may differ due to varying considerations. Investors should understand the fund's risk-return profile and choose products cautiously based on their investment objectives, horizons, experience, and risk tolerance, bearing all risks themselves. The registration of the fund with the China Securities Regulatory Commission does not imply a substantive judgment or guarantee of its investment value, market prospects, or returns. Fund investment requires caution. A MACD golden cross signal has formed; these stocks are showing strong momentum!