Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints - For rapeseed oil, it is recommended to be mainly bullish. The AAFC estimates Canada's rapeseed production in 2025/26 to be 20.1 million tons, with a doubled carry - over stock of 2.2 million tons. China's anti - dumping measures on Canadian rapeseed may impact exports. There are supply risks in Indonesia and strong palm oil export data from Malaysia. In the short - term, the domestic vegetable oil supply is ample, but the low mill operation rate and fewer rapeseed purchases in Q3 reduce supply pressure. The anti - dumping measures further weaken long - term supply [8][9]. - For rapeseed meal, it is recommended to take a bullish approach and pay attention to Sino - US and Sino - Canadian economic and trade relations. The US Department of Agriculture's downward adjustment of US soybean harvest area is bullish, but the good soybean condition restricts prices. Domestically, the high mill operation rate and increasing soybean meal inventory suppress prices, but the uncertainty of Q4 purchases and less near - month rapeseed arrivals support the market. The anti - dumping measures on Canadian rapeseed also weaken long - term supply, but the good substitution advantage of soybean meal weakens demand expectations [11][12]. 3. Summary by Catalog 3.1 Week - to - Week Summary - **Rapeseed Oil** - Strategy: Participate with a bullish bias [8]. - Market Review: This week, rapeseed oil futures closed higher with the 01 contract closing at 9,890 yuan/ton, up 133 yuan/ton from last week [9]. - Outlook: AAFC's new production and inventory estimates, China's anti - dumping measures, international palm oil factors, and domestic supply - demand conditions affect the market. The price has a slight pull - back and is now in a narrow - range oscillation [9]. - **Rapeseed Meal** - Strategy: Adopt a bullish mindset and monitor Sino - US and Sino - Canadian relations [11]. - Market Review: This week, rapeseed meal futures fluctuated widely with the 01 contract closing at 2,543 yuan/ton, down 3 yuan/ton from last week [12]. - Outlook: USDA's report, good US soybean condition, domestic soybean meal inventory, rapeseed supply, and substitution effect of soybean meal all influence the market. The market is mainly trading long - term supply issues and is in a bullish and volatile state [12]. 3.2 Futures and Spot Market - **Futures Position and Price** - Rapeseed oil futures closed higher with a total position of 284,285 lots, down 12,211 lots from last week. The top 20 net position changed from net short to net long (+6,463) [17][23]. - Rapeseed meal futures fluctuated widely with a total position of 421,028 lots, down 27,582 lots from last week. The top 20 net short position decreased (- 8,755) [17][23]. - **Warehouse Receipts** - Rapeseed oil registered warehouse receipts are 3,487 lots, and rapeseed meal registered warehouse receipts are 8,253 lots [29][30]. - **Spot Price and Basis** - The spot price of rapeseed oil in Jiangsu is 10,010 yuan/ton, up from last week, and the basis is +120 yuan/ton [37]. - The spot price of rapeseed meal in Nantong, Jiangsu is 2,550 yuan/ton, slightly down from last week, and the basis is +7 yuan/ton [43]. - **Futures Month - to - Month Spread** - The 1 - 5 spread of rapeseed oil is +179 yuan/ton, and that of rapeseed meal is +74 yuan/ton, both at medium levels in recent years [50]. - **Futures - Spot Ratio** - The 01 contract ratio of rapeseed oil to rapeseed meal is 3.889, and the average spot price ratio is 3.81 [53]. - **Price Spread between Oils and Meals** - The 01 contract spread of rapeseed oil to soybean oil is 1,432 yuan/ton, and that of rapeseed oil to palm oil is 298 yuan/ton, both with relative oscillations this week [62]. - The 01 contract spread of soybean meal to rapeseed meal is 545 yuan/ton, and the spot spread as of Thursday is 460 yuan/ton [68]. 3.3 Industry Chain - **Rapeseed** - **Supply - Inventory and Arrival**: As of August 15, 2025, the total rapeseed inventory in mills is 150,000 tons. The estimated rapeseed arrivals in August, September, and October 2025 are 200,000 tons, 100,000 tons, and 150,000 tons respectively [74]. - **Supply - Pressing Profit**: As of August 21, the spot pressing profit of imported rapeseed is +883 yuan/ton [78]. - **Supply - Pressing Volume**: As of the 33rd week of 2025, the rapeseed pressing volume in coastal main mills is 49,000 tons, down 13,000 tons from last week, with an operation rate of 11.99% [82]. - **Supply - Monthly Arrival**: In July 2025, China's rapeseed imports are 176,000 tons, a year - on - year decrease of 56.63% and a month - on - month decrease of 0.85% [86]. - **Rapeseed Oil** - **Supply - Inventory and Import**: As of the 33rd week of 2025, the domestic imported and pressed rapeseed oil inventory is 744,000 tons, a month - on - month decrease of 3.68%. In July 2025, rapeseed oil imports are 133,600 tons, a year - on - year increase of 16.86% and a month - on - month decrease of 1.67% [90]. - **Demand - Consumption and Production**: As of June 30, 2025, the monthly output of edible vegetable oil is 4.769 million tons, and the catering revenue is 470.76 billion yuan [94]. - **Demand - Contract Volume**: As of the 33rd week of 2025, the domestic imported and pressed rapeseed oil contract volume is 101,000 tons, a month - on - month decrease of 12.39% [98]. - **Rapeseed Meal** - **Supply - Inventory**: As of the 33rd week of 2025, the domestic imported and pressed rapeseed meal inventory is 26,000 tons, a month - on - month decrease of 16.39% [102]. - **Supply - Import**: In July 2025, rapeseed meal imports are 183,100 tons, a year - on - year decrease of 3.00% and a month - on - month decrease of 87,200 tons [106]. - **Demand - Feed Production**: As of June 30, 2025, the monthly feed output is 2.9377 million tons [110]. 3.4 Option Market Analysis As of August 22, the implied volatility of rapeseed meal options is 21.7%, down 3.03% from last week, at a slightly medium level compared to the 20 - day, 40 - day, and 60 - day historical volatility of the underlying [113].

证券之星消息，8月22日农产品加工板块较上一交易日下跌1.04%，中粮糖业领跌。当日上证指数报收 于3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。农产品加工板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600962 | 国投中鲁 | 23.96 | 1.31% | 27.52万 | | 6.72亿 | | 000972 | *ST中基 | 4.08 | 0.74% | 41.79万 | | + 1.72亿 | | 832023 | 田野股份 | 4.76 | 0.42% | 12.48万 | | 5960.33万 | | 300999 | 金龙鱼 | 32.71 | 0.40% | 14.00万 | | 4.56亿 | | 605198 | 安德利 | 52.05 | 0.21% | 2.57万 | | 1.34亿 | | 300175 | ST朗源 | 5.75 | 0.17% | 6.71万 | | 3832.41万 ...

Group 1 - The "Construction Bank Cup" Guangdong Province Fourth Rural Entrepreneurship Competition concluded successfully, with a strong participation of 83 enterprises [2][4] - A total of 10 enterprises advanced to the finals in the agricultural product processing track, with 4 of them from Qingyuan, making it the city with the most representatives in this category [7][8] - The participating Qingyuan enterprises include Longshan Zhuang and Yao Autonomous County Zhongchuang Agricultural Trade Development Co., Ltd., Qingyuan Dachang Food Co., Ltd., Qingyuan Xie’s Food Co., Ltd., and Qingyuan Zhongchi Food Co., Ltd. [9] Group 2 - Qingyuan City also had one enterprise, Qingyuan Shatang Moon Scenic Bay Rural Tourism Cultural Development Co., Ltd., advance to the finals in the rural leisure tourism track [10] - All the aforementioned enterprises won third place in the finals, showcasing their competitive edge [11] - The achievements of Qingyuan enterprises reflect their innovative strength and development potential, as well as the city's efforts in enhancing the rural entrepreneurship environment [14][15] Group 3 - Qingyuan has been implementing the "Hundred Thousand Million Project" and rural revitalization strategy, focusing on talent cultivation and industry strengthening [15][16] - The Qingyuan Agricultural and Rural Bureau has been actively guiding policies and services to stimulate agricultural innovation and brand development [16][17] - The Qingyuan Agricultural Entrepreneurs Association plays a crucial role in nurturing agricultural talent and linking resources, contributing to the success of its member enterprises in the competition [18][19]

Market Overview - The A-share market indices continued to rise in the afternoon, with the Shanghai Composite Index closing at 3825.76 points, up 1.45%, with a trading volume of 1,095.09 billion yuan [1] - The Shenzhen Component Index closed at 12166.06 points, up 2.07%, with a trading volume of 1,451.62 billion yuan [1] - The ChiNext Index closed at 2682.55 points, up 3.36%, with a trading volume of 690.57 billion yuan [1] Sector Performance - Leading sectors in terms of growth included semiconductors, education, and securities, with notable increases in their respective indices [1] - The education sector saw a rise of 4.43%, with a total trading volume of 414.65 million hands and a net inflow of 239.62 billion yuan [2] - The securities sector increased by 2.87%, with a trading volume of 763.14 million hands and a net inflow of 176.45 billion yuan [2] - Conversely, sectors that experienced declines included gas, kitchen and bathroom appliances, and agricultural product processing, with gas down by 0.87% [2]

Core Viewpoint - The article discusses the collaboration between "Saint One" and "Mushroom Sister" to launch a new "Low GI" food series, emphasizing the importance of shared resources and innovative thinking in expanding market reach and enhancing product offerings [10][11][24]. Group 1: Collaboration and Market Expansion - The collaboration is driven by the concept of "Four Shares," which includes sharing resources, ideas, and market opportunities, leading to increased partnerships and market expansion [4][5][11]. - The initiative aims to leverage the strengths of both companies, with "Saint One" focusing on low GI products and "Mushroom Sister" providing high-nutrition mushrooms, creating a unique product offering [25][42]. - The project has already gained significant attention, with the reading volume of the related diary exceeding ten million, indicating strong public interest and potential market demand [6][48]. Group 2: Product Development and Health Benefits - The "Low GI" food series is designed to stabilize blood sugar levels, reduce insulin fluctuations, and promote long-term health management, making it suitable for both diabetic patients and the general public [19][20][21]. - The collaboration emphasizes the importance of quality control, with "Mushroom Sister" having a 70% market share in South China for key mushroom varieties, ensuring high-quality ingredients for the new product line [34][35]. - The product is positioned as a healthy dietary choice, aiming to become a staple in households, with plans for mass production and distribution beyond the Greater Bay Area [47][50].

Core Insights - The event held on August 21 showcased high-quality agricultural products from Qiandongnan, Guizhou, in the Greater Bay Area, leading to significant online sales and the emergence of several best-selling items [4][5][39]. Group 1: Event Overview - The special event took place in Foshan, featuring over a hundred quality products from Qiandongnan, which generated a strong online sales response [5][39]. - Products such as blueberry juice, passion fruit, and local specialties like sour soup were highlighted, attracting attention from both attendees and online viewers [6][7]. Group 2: Live Streaming Impact - Live streaming has become a crucial method for promoting agricultural products, allowing direct delivery from producers to consumers, thus addressing issues like short shelf life and high loss costs [19][20]. - The event saw significant online engagement, with over 30,000 viewers and more than 1,000 concurrent viewers during the live stream, greatly enhancing exposure and interest in the products [37]. Group 3: Product Quality and Market Potential - Qiandongnan's agricultural products are characterized by their ecological, organic, and healthy attributes, supported by 56 green food certifications and 111 organic food certifications [34][36]. - The market potential for these products is promising, especially with the increasing consumer interest in high-quality, locally sourced agricultural goods [22][36].

Core Viewpoint - The "CDB Cup" Guangdong Province Fourth Rural Entrepreneurship Competition successfully concluded, showcasing innovative projects aimed at revitalizing rural industries through entrepreneurship [2][18]. Group 1: Competition Overview - The final competition took place in Guangzhou, with 20 finalists selected after multiple rounds of screening [2][3]. - The competition focused on two main tracks: agricultural product processing and rural leisure tourism, highlighting new technologies and products in these sectors [14][15]. Group 2: Award Winners - The first prize in the agricultural product processing track was awarded to a project from Foshan titled "Crafting High-Quality Fish Fillets - Supporting Rural Industry Revitalization" [4][21]. - The first prize in the rural leisure tourism track went to the "Guangzhou Huadu Bao Sangyuan Agricultural Leisure Park" project [4][21]. Group 3: Competition Features - The competition emphasized a "competition-training integration" approach, providing mentorship and project matchmaking to help quality projects expand their market channels [15][16]. - The event aimed to enhance public awareness of rural entrepreneurship through comprehensive media coverage, highlighting the significance of the competition and the stories behind the entrepreneurial projects [17][18]. Group 4: Future Prospects - Winners of the competition will represent Guangdong Province in the 2025 National Rural Entrepreneurship Competition, showcasing the vitality of rural entrepreneurship on a national stage [18][19]. - The organizing committee plans to conduct specialized training for the selected participants to improve their competitiveness in the national competition [20].

Group 1 - The event "Technology Empowerment: Quality Products from Xingan League Entering Beijing" was held in Beijing, aiming to create a platform for high-quality specialty agricultural products from Xingan League to reach consumers in the capital [1][2] - The event showcased various high-quality agricultural products, including organic sheep from Xinyang Cooperative and Yuanmeng rice from Xingan League Longhua Agricultural Technology Co., highlighting the richness and quality of local products [2] - The event also promoted advanced technological achievements in food processing, with experts presenting technologies for rice and corn processing, indicating a focus on innovation in agricultural practices [2] Group 2 - The participation of Xingan League products in the Beijing market is seen as a significant promotional opportunity, especially for "Xingan rice," which is positioned in a high-end consumer market [2] - Representatives from the catering supply chain discussed efficient circulation solutions for Xingan League products, including direct sourcing and cold chain logistics, enhancing market access [2] - Future plans include deepening cooperation between Beijing and Xingan League, leveraging technological resources and talent from Beijing to promote high-quality development in agriculture and processing industries in Xingan League [2]

日前，余杭区与庆元县携手开展"平台+产业"跨区域双向赋能活动，两地市场监管部门签署了《跨 区域"平台+产业"双向赋能合作协议》。活动中，余杭的淘天集团、遥望科技、诚信星球等平台企业， 与庆元香菇、甜桔柚、黄粿等特色产业企业深入对接，围绕消费趋势分析、订单农业建设、直播营销培 训等达成多个合作意向。 跨区域合作"版图"的持续拓展，源自余杭在区内先行先试的"平台+产业"行动所积累的扎实经验。 今年3月，余杭区市场监管部门推出专项行动方案，构建起"1+3+N"协同工作体系（即一个统筹方案、 三大"触网上行"路径、多种融合模式），明确通过平台进驻、直播运营、私域流量三大主渠道助力本地 产业升级。 在这一机制的推动下，余杭径山茶、鸬鸟蜜梨等地理标志产品加速数字化转型。其中，抹茶加工企 业浙江骆驼九宇有机食品有限公司与新锐乳品品牌"认养一头牛"跨界合作推出的"径山抹茶"鲜牛乳冰激 凌，线上线下销售额已突破1100万元，成为"平台+产业"赋能老品牌焕新的成功案例。未来，余杭将持 续深化"平台+产业"数实融合，强化政策与服务保障，助力更多合作地区将生态、资源等优势转化为强 劲的发展优势，为长三角区域协调发展提供生动样本。 " ...

Group 1 - The 33rd Guangzhou Expo will take place from August 22 to 24, showcasing over a hundred products from Shufu County, Xinjiang [2][7] - Shufu County aims to promote its unique agricultural products and cultural resources to enhance their visibility and reputation [4][11] - The exhibition will feature 11 enterprises presenting a variety of products, including dried and fresh fruits, cultural creations, and silicone products [8][10] Group 2 - A cultural tourism exhibition area will be established to highlight Shufu County's rich tourism resources, including various cultural heritage sites [15][18] - The county has made significant progress in industrial assistance and investment attraction, with 43 projects established in the first half of the year, amounting to 1.518 billion yuan in funding [20][21] - The agricultural sector is thriving, with leading enterprises like Kashgar Dajiang Youli Agricultural Technology Co., Ltd. driving growth through integrated operations in planting, breeding, and sales [26][28]