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Introduction of rapeseed oil futures
Futures varieties based on rapeseed oil. China is the largest producer and consumer of rapeseed oil in the world, with an annual output of 4 million tons to 4.7 million tons, an output value of more than 25 billion yuan and an annual consumption of 4.3 million tons to 4.8 million tons. The concentration of rapeseed oil processing areas and consumption areas in China is conducive to investors' timely and accurate search for supply and demand information and correct price forecast, as well as to the positioning of futures delivery areas and the supervision and management of futures delivery business by exchanges. Rapeseed oil not only has the characteristics of complex influencing factors of agricultural products, frequent fluctuations and many investment opportunities, but also has the advantage that the quality of industrial products is easy to standardize. In addition, spot enterprises have high recognition of the futures market, large demand for value preservation, and wide participation groups, and the rapeseed oil futures market has great development potential.