证券之星消息，8月12日农产品加工板块较上一交易日上涨1.76%，中粮糖业领涨。当日上证指数报收 于3665.92，上涨0.5%。深证成指报收于11351.63，上涨0.53%。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) | | --- | --- | --- | --- | --- | --- | | 000972 | *ST中基 | 3.67 | -2.39% | 25.51万 | 9360.73万 | | 839273 | 一致魔手 | 37.39 | -1.99% | 1.82万 | 6872.06万 | | 002852 | 道道全 | 12.29 | -1.92% | 12.76万 | 1.59亿 | | 600962 | 国投中鲁 | 20.48 | -0.97% | 5.19万 | 1.06亿 | | 002481 | 双塔食品 | 5.37 | -0.74% | 12.48万 | 6713.94万 | | 003030 | 祖名股份 | 19.74 | -0.50% | 1.33万 | 2632.69万 | | 832023 ...

中华人民共和国商务部（以下简称商务部）于2025年6月26日收到烟台双塔食品股份有限公司、烟 台东方蛋白科技有限公司、九江天泰食品有限公司、山东健源生物工程股份有限公司、烟台鼎丰生物科 技有限公司、优承生物科技（烟台）有限公司（以下称申请人）代表国内豌豆淀粉产业正式提交的反倾 销调查申请，申请人请求对原产于加拿大的进口豌豆淀粉进行反倾销调查。商务部依据《中华人民共和 国反倾销条例》有关规定，对申请人的资格、申请调查产品的有关情况、中国同类产品的有关情况、申 请调查产品对国内产业的影响、申请调查国家的有关情况等进行了审查。 【发布单位】贸易救济局 【发布文号】商务部公告2025年第41号 【发文日期】2025年08月12日 一、立案调查及调查期 自本公告发布之日起，商务部对原产于加拿大的进口豌豆淀粉进行反倾销立案调查，本次调查确定 的倾销调查期为2024年1月1日至2024年12月31日，产业损害调查期为2021年1月1日至2024年12月31日。 二、被调查产品及调查范围 根据申请人提供的证据和商务部的初步审查，申请人豌豆淀粉的合计产量符合《中华人民共和国反 倾销条例》关于申请人资格的规定。同时，申请书中包含 ...

新京报讯 据商务部网站消息，商务部公布对原产于加拿大的进口豌豆淀粉发起反倾销立案调查。 中华人民共和国商务部（以下简称商务部）于2025年6月26日收到烟台双塔食品（002481）股份有限公 司、烟台东方蛋白科技有限公司、九江天泰食品有限公司、山东健源生物工程股份有限公司、烟台鼎丰 生物科技有限公司、优承生物科技（烟台）有限公司（以下称申请人）代表国内豌豆淀粉产业正式提交 的反倾销调查申请，申请人请求对原产于加拿大的进口豌豆淀粉进行反倾销调查。商务部依据《中华人 民共和国反倾销条例》有关规定，对申请人的资格、申请调查产品的有关情况、中国同类产品的有关情 况、申请调查产品对国内产业的影响、申请调查国家的有关情况等进行了审查。 根据申请人提供的证据和商务部的初步审查，申请人豌豆淀粉的合计产量符合《中华人民共和国反倾销 条例》关于申请人资格的规定。同时，申请书中包含了《中华人民共和国反倾销条例》第十四条、第十 五条规定的反倾销调查立案所要求的内容及有关证据。 根据上述审查结果，依据《中华人民共和国反倾销条例》第十六条的规定，商务部决定自2025年8月12 日起对原产于加拿大的进口豌豆淀粉进行反倾销立案调查。现将有关 ...

Core Insights - Ningxia goji berries are renowned for their unique quality, attributed to the region's distinct geographical and climatic conditions, resulting in sweet, large, and thin-skinned berries [1] - In 2024, Ningxia's goji berry cultivation area is projected to reach 230,000 acres, with a fresh fruit output of 200,000 tons and a processing conversion rate of 36%, leading to a total industry output value of 20.4 billion yuan [4] - Ningxia goji berries are evolving from a single product focus to a diversified business model, incorporating high-tech processing methods and expanding into various sectors including health products, cosmetics, and cultural experiences [6] Industry Development - The goji berry industry in Ningxia is experiencing significant growth, with one out of every four pounds of goji berries in China sourced from this region [4] - The international market presence of Ningxia goji berries is expanding, with exports reaching over 50 countries and regions, including Germany, the United States, and Japan [6] - The industry is transitioning from merely selling products to offering experiences and cultural narratives, enhancing its market appeal and value [6]

马来西亚棕榈油局（MPOB）：预计2025年毛棕榈油产量将达到1950万吨，相较于去年的1930万吨有所 增加；2025年棕榈油出口量将达到1700万吨，相较于去年的1690万吨有所增加。 机构观点 铜冠金源期货：宏观方面，关注美国7月CPI数据的发布，给市场降息路径带来的指引，美元指数偏低 位震荡运行；关注美俄总统会晤，能否带来俄乌停火协议达成，油价跌势放缓。基本面上，7月MPOB 报告显示，马棕油期末库存为211万吨，低于市场预期的255万吨，预期利空因素出尽。高频数据显示8 月上旬马棕油出口需求表现强劲提振价格。短期棕榈油或震荡偏强运行。 8月12日，棕榈油期货盘中高位震荡运行，截至发稿主力合约大幅上涨3.06%，报9356.00元/吨。 【消息面汇总】 截至2025年8月8日，全国重点地区棕榈油商业库存59.98万吨，环比上周增加1.76万吨，增幅3.02%；同 比去年59.32万吨增加0.67万吨，增幅1.12%。 船运调查机构ITS周日表示，8月1-10日期间马来西亚棕榈油出口环比增长23.3%。作为参考，7月份马来 西亚棕榈油出口环比下降6.7%至9.6%。 宁证期货：马来西亚MPOB报告数据本 ...

gtaxinstitute@essence.com.cn 综合晨报 2025年08月12日 (原油) 隔夜国际油价收涨,布伦特10合约涨0.59%。油价经历了上周的连续下跌后,重新等待美俄会谈带 来新的方向指引。三季度以来全球石油累库1.1%，与一季度、二季度的累库速度基本一致,而平衡 表显示四季度供需盈余幅度较前三季度基本翻倍，旺季过后石油市场的累库压力始终存在。本周重 点关注周五美俄领导人会谈,其双向结果均将引发原油较大波动,建议逢低布局SC2510虚值期权的 双买策略。 (责金属) 隔夜贵金属回落。特朗普发帖澄清黄金关税传闻，供应链抗动担忧解除。本周美俄领导会谈以及中 美关税政策节点，市场避险情绪可能摇摆，贵金属高位谨慎参与,震荡趋势中耐心等待回调布局机 会。今晚关注美国CPI数据发布。 (铜) 隔夜铜价收阴,智利停工地下铜矿部分复工。中美继续将极高关税搁置90天，市场等待美国通胀指 标。昨日国内现铜报79150元，关注现铜跟调强弱。前期高位空单持有。 隔夜沪铝小幅回调。周初铝锭社库较周四增加2.3万吨，铝棒增加0.4万吨，消费维持淡季表现,不 过铝棒减量趋势缓和，铝锭社库峰值可能在8月出现。沪铝短期震 ...

Group 1 - The core viewpoint of the article highlights the market price trends of soybean meal, specifically for processing purposes, indicating a year-on-year decline and a month-on-month increase in price [1] - The market price of soybean meal (with crude protein content ≥43%) in late July 2025 is reported at 2934.3 yuan/ton, reflecting a decrease of 3.99% compared to the same period last year [1] - In contrast, the price reached its peak in late July 2023 at 4405.6 yuan/ton, marking the highest level in the past five years for the same period [1]

Group 1: Market Overview - The commodity futures market showed overall strength, particularly driven by the news of lithium mine suspension at CATL's Yichun project, leading to a strong surge in lithium carbonate prices [1][2] - The domestic commodity market index closed at 1430.55 points, up 3.51 points or 0.25% from the previous trading day, while the commodity futures index closed at 1986.73 points, also up 4.87 points or 0.25% [1] Group 2: Lithium Market Dynamics - The suspension of mining operations at CATL's Yichun project raised concerns about supply tightening in the lithium market, causing lithium carbonate futures to hit the daily limit [2][3] - Despite CATL's statement regarding the application for mining license renewal, the market anticipates a short-term reduction in domestic lithium supply, which has stimulated speculative demand [2][3] Group 3: New Energy Sector Performance - The surge in lithium prices positively impacted the new energy sector, with polysilicon and industrial silicon prices rising significantly, closing up 6.34% and 4.83% respectively [3] - The overall enthusiasm in the new energy sector was reflected in the strong performance of related stocks in the A-share market [2][3] Group 4: Agricultural Products Performance - The agricultural products sector exhibited mixed performance, with red dates and palm oil experiencing strong gains, while chicken eggs and protein meal prices declined due to weak fundamentals [1][4] - Palm oil prices rose by 2.29%, supported by favorable reports on Malaysian palm oil stocks and positive export data [3][4] Group 5: Supply Pressure in Other Commodities - In contrast to the rising prices of lithium and certain agricultural products, chicken egg prices fell sharply by 3.02%, reaching a two-month low due to ample supply [4][6] - SC crude oil prices also declined by 1.41%, influenced by OPEC+'s decision to increase production, leading to expectations of continued supply pressure in the oil market [4][6]

Report Investment Rating - Not provided in the content Core Views - Palm oil is likely to rise in the short term but has limited upside potential, facing resistance at the [9200] price level for the 2509 contract. The tight supply situation in Southeast Asia has eased quickly with the arrival of the production season, but high initial yields have raised concerns about over - production. The Indonesian B40 policy has been effective, and domestic near - term arrivals are increasing, while far - term purchases are limited. Overall, the inventory build - up in Southeast Asia is slow, and the palm oil 2509 and 2601 contracts are expected to fluctuate strongly. [3][4] - Soybean oil is also likely to rise in the short term with limited upside, facing resistance at the [8500] price level for the y2509 contract. South American soybean export potential is expected to weaken after the third quarter, and the premium has an upward trend. The good condition of US soybeans, the 90 - day extension of the Sino - US tariff agreement, and the pessimistic outlook for US soybean exports put pressure on CBOT soybeans. Domestically, near - term soybean arrivals are sufficient, and the overall supply of soybeans and soybean oil in the third quarter is expected to be loose. However, recent Indian purchases of Chinese soybean oil have improved short - term demand expectations, and the supply in the fourth quarter is uncertain due to Sino - US trade relations. [3] - Rapeseed oil is likely to rise in the short term with limited upside, facing resistance at the 9800 price level for the O1509 contract. The global rapeseed inventory pressure in the 2024/25 season is limited, providing short - term support for international rapeseed prices. The expected recovery of global rapeseed production in the 2025/26 season may suppress the price. Domestically, rapeseed oil inventory is at a five - year high, and near - term supply is loose, but rapeseed purchases after July have decreased year - on - year, and far - term supply is uncertain due to Sino - Canadian trade relations. Overall, rapeseed oil shows a pattern of weak current situation and strong expectations, and the 09 contract is expected to fluctuate strongly. [3] Summary by Directory Market Performance - This week, the domestic three - major oil indices continued to diverge. Soybean oil continued to rise, while palm oil and rapeseed oil fluctuated widely. As of August 8, the closing price of the 2509 soybean oil contract was 8880 yuan/ton, the 2509 palm oil contract was 8888 yuan/ton, and the 01509 rapeseed oil contract was 9571 yuan/ton. [94] - The BMD crude palm oil futures prices in Malaysia fluctuated widely this week, with a slight upward shift in the center of gravity. CBOT soybeans fluctuated sideways, with the center of gravity remaining basically unchanged. [14][34] Supply and Demand Analysis Palm Oil - In Malaysia, different institutions' data show that palm oil exports in July decreased compared to June, while production increased. For example, ITS data shows a 6.7% decrease in exports, and SPPOM data shows a 7.07% increase in production. Indonesia's palm oil exports in May increased significantly, and inventory decreased. The reference price and export tax of Indonesian crude palm oil in August have been raised. [17][18] - India reduced the import tariff on crude edible oils in May, which led to an increase in imports in June - July. However, the palm oil import volume in July decreased by 10% month - on - month to 858,000 tons. [29] Soybean and Soybean Oil - The USDA's July supply - demand report estimated the 2024/25 South American soybean production. Brazil is expected to reach a record high of 169 million tons, and Argentina is expected to be 49.9 million tons. Brazil's export peak has passed, and the premium is expected to rise seasonally. [69] - As of August 3, the US soybean's flowering rate, pod - setting rate, and good - to - excellent rate are relatively good, and the drought - affected area is about 3%. The old - crop US soybean exports are basically completed, and the 24/25 annual export is expected to be 50.3 million tons. [40] - Domestically, the near - term soybean arrivals are sufficient, and the overall supply of soybeans and soybean oil in the third quarter is expected to be loose. However, recent Indian purchases of Chinese soybean oil have improved short - term demand expectations. [96] Rapeseed and Rapeseed Oil - The 2024/25 global rapeseed supply has tightened marginally, with significant impacts in Canada and the EU. The USDA expects a recovery in production in the 2025/26 season, and the global rapeseed stock - to - use ratio will rise slightly to 10.64%. [77] - Canada's Statistics Bureau predicts a decline in the rapeseed planting area in 2025, and the Canadian Ministry of Agriculture estimates a 200,000 - ton reduction in the 2025/26 rapeseed production. Domestically, rapeseed oil inventory is at a five - year high, and near - term supply is loose, but far - term supply is uncertain due to Sino - Canadian trade relations. [77][82] Industry Chain Operation Suggestions - Traders with palm oil or soybean oil inventory should seek to sell at high prices, while those without inventory should seek to buy at low prices to build inventory. Oil - using enterprises should pay attention to price changes when purchasing raw materials. [5][7] - For rapeseed oil, traders with inventory should also seek to sell at high prices, and those without inventory should seek to buy at low prices. Oil - using enterprises need to purchase raw materials and are worried about price increases. [7] Cost - Profit and Inventory - The import costs and import profits of palm oil, soybean oil, and rapeseed oil are provided in the report, showing certain fluctuations. [111][113][118] - As of August 1, 2025, the total commercial inventory of the three major oils in key national regions was 2.3611 million tons, a decrease of 0.07 million tons from the previous week, with a year - on - year increase of 234,300 tons. Among them, soybean and rapeseed oil inventories increased slightly, while palm oil inventory decreased slightly. [120][121][122] CFTC Positions and Warehouse Receipts - CBOT soybean and soybean oil non - commercial net long positions and their proportions are presented, showing certain trends. - The warehouse receipt volumes of palm oil, soybean oil, and rapeseed oil as of August 7, 2025, are provided. [136][143][145]

Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core View - The supply of peanuts is still low, but the downstream demand remains weak, so the peanut prices are expected to be relatively weak in the short term. The price of peanut oil is stable, and the peanut meal has been stable recently. The theoretical profit of oil mills from peanut pressing is acceptable. Peanut 10 futures are in a narrow - range oscillation. With the expected increase in planting area, decrease in planting cost, and the listing of some spring peanuts, Peanut 10 will continue to oscillate narrowly [5][9]. Group 3: Summary by Directory First Part: Data - **Futures Market**: PK604 closed at 7960, down 10 (-0.13%), with a trading volume of 24 (up 26.32%) and an open interest of 252 (up 6.33%); PK510 closed at 8074, down 24 (-0.30%), with a trading volume of 34,942 (up 3.59%) and an open interest of 98,959 (down 0.27%); PK601 closed at 7948, down 10 (-0.13%), with a trading volume of 3,815 (up 76.70%) and an open interest of 16,339 (up 8.21%) [3]. - **Spot Market**: The prices of peanuts in Henan and Northeast China were stable. The price of 308 common peanuts in Fuyu, Jilin was 4.2 yuan/jin, and in Changtu, Liaoning was 4.2 yuan/jin. The price of Baisha common peanuts in Henan was 4.25 - 4.35 yuan/jin, and in Junan, Shandong was 4.1 yuan/jin. The price of imported Sudan refined peanuts was 8300 yuan/ton. The mainstream transaction price of peanut oil was 7650 - 7700 yuan/ton, and the theoretical cost - price of oil mills was 8110 yuan/ton. The price of domestic first - class ordinary peanut oil was 14800 yuan/ton, and the market price of small - pressed fragrant peanut oil was 16500 yuan/ton [5]. - **By - products**: The spot price of Rizhao soybean meal was strong, reaching 2930 yuan/ton, up 30 yuan/ton from yesterday. The unit - protein price difference between peanut meal and soybean meal was relatively high, and the peanut meal was expected to be weak in the short term, with the 48 - protein peanut meal quoted at 3250 yuan/ton [8]. - **Spreads**: The spread of PK01 - PK04 was - 12 (unchanged), PK04 - PK10 was - 114 (up 14), and PK10 - PK01 was 126 (down 14) [3]. Second Part: Market Analysis - The prices of peanuts in Henan and Northeast China were stable, and the price of imported Sudan refined peanuts was also stable. It is expected that the peanut spot will be relatively weak in the short term. Most peanut oil mills stopped purchasing today, and the prices of soybean oil and peanut oil were stable [5]. Third Part: Trading Strategy - **Unilateral**: Peanut 10 is oscillating at a low level. Currently, it is recommended to wait and see, and mainly short after a rebound [10]. - **Month - spread**: Wait and see [11]. - **Options**: Sell pk510 - C - 8800 [12]. Fourth Part: Related Attachments - The report provides six charts, including the spot price of Shandong peanuts, the pressing profit of peanut oil mills, the price of peanut oil, the basis between peanut spot and continuous contracts, the spread between Peanut 10 - 1 contracts, and the spread between Peanut 1 - 4 contracts [14][20][23].