2. Rapeseed and rapeseed meal are important raw materials for China's oil and feed industry. Rapeseed futures have been running smoothly since they were listed in Zhengzhou Stock Exchange in 2007, and their functions have been gradually brought into play, which has been recognized and supported by various market participants. However, carrying out rapeseed and rapeseed meal futures trading in China can form a relatively complete rapeseed industrial chain futures with the existing rapeseed oil futures, improve the market price formation mechanism, provide farmers and subsequent industrial chain enterprises with risk management tools to avoid price fluctuations and stabilize production and operation, and promote the development of related industries.
1, rapeseed meal is the residue after rapeseed oil is extracted and the remaining rapeseed cake is extracted again. The main purpose of rapeseed meal is to be used as feed, which is generally used as feed for aquaculture, because if it is used directly or in large quantities in livestock and poultry breeding such as pigs, cattle, sheep, chickens and ducks, it may cause goiter in cultured organisms.
2. In addition to being used as feed, rapeseed meal can also be used to make high-quality organic fertilizer because it contains a lot of organic matter; In addition, rapeseed protein contained in rapeseed has high nutritional value and can be extracted as food additive. However, because rapeseed meal contains toxic and harmful substances, it needs detoxification and other processes in production, so rapeseed protein has not yet become a large-scale application product.
3. Rapeseed meal is a by-product of rapeseed production, so rapeseed is the biggest factor affecting the price of rapeseed meal, and the influencing factors of rapeseed price are nothing more than weather, planting area, supply and demand, planting cost and so on. On the other hand, the price of rapeseed meal is also closely related to the supply and demand of rapeseed meal. Although rapeseed meal is the protein feed second only to soybean meal in China, rapeseed meal futures are still a popular futures product in China due to the loose supply of rapeseed oil in recent years and the cold trading of oil products.