Rapeseed purchases decreased 54% in 2015 compared with the same period last year.

According to relevant statistics, as of September 30, various grain enterprises in Sichuan, Hubei and other nine major producing areas had purchased 10,000 tons of newly produced rapeseed, a decrease of 1.88 million tons, or 54 percent, over the same period last year.

Due to the cancellation of the unified temporary storage acquisition due to the policy adjustment this year, the price of rapeseed opened low and went down, and the overall price level during the acquisition period was about 30% lower than that of last year. The decline in price leads to the increase of farmers' self-use, and the decrease of rapeseed commodity rate is the main reason for the decrease of purchase quantity. In addition, due to the losses of large crushing enterprises, the increase in the number of domestic rapeseed into small squeeze also led to a decline in statistical purchases.

After the cancellation of the unified temporary storage acquisition, the sharp drop in rapeseed prices led to a decline in farmers' planting income. Although wheat prices have also declined, the decline is smaller than that of rapeseed, and the comparative planting yield will still be higher than that of rapeseed, and rapeseed planting volume is expected to decline by more than 10% next year. The decline in output and the increase in the proportion of small press consumption will lead to a decline in the effective supply of domestic rapeseed meal. In the future, the supply of rapeseed meal will be more dependent on imported rapeseed pressing, and the price trend of rapeseed meal will be more affected by the fluctuation of international rapeseed price.