Peanut, peanut oil and peanut meal trading summary and analysis forecast (Week 52, 2024)

01 Peanut 

In the 52nd week (December 23-December 27, 2024), the national average price of peanuts is 8,500 yuan/ton. The prices of peanuts in various regions are shown in the following table:

Weekly Review:

This week, the price of peanuts and groundnuts has been stable with a slight decline. There are not many commodity rice transactions in the production area this week, and it is difficult to make a deal. The overall indicators of oil mills have tightened, and high prices have decreased. Some of the purchasing points and screening plants in the traditional production area of Baisha, Henan Province have a strong willingness to ship. Farmers of miscellaneous peanuts have a moderate amount of goods, and are reluctant to sell at low prices; some parts of the Northeast have a moderate amount of goods; Shandong and Hebei regions have limited goods. Recently, the profit of imports is low, the advantage of imported peanuts is not obvious, and the import volume is weak. In terms of demand, the profit of oil mills is inverted, the operating rate has decreased, and the market buying and selling atmosphere is light. The domestic peanut market price is weak, mainly due to weak demand, difficult shipments, and some traders have a strong wait-and-see attitude. The transaction price has fallen, and the purchase price has also followed the weakness. Large oil mills are just-needed purchases, and they may purchase in large quantities after New Year's Day. This year, my country's peanuts have a bumper harvest and a relatively loose supply. In addition, the supply of soybean meal is loose, and the demand for peanut meal is lower than expected, dragging down the peanut market.

It is expected that peanut prices will continue to fluctuate weakly in the short term. Oil mills' purchases in the market have weakened, the market atmosphere is not good, the supply of peanuts is relatively loose, and large oil mills' purchase of imported rice is suppressing the peanut market, so peanuts may run weakly.

02 Peanut oil 

In the 52nd week (December 23-December 27, 2024), the national average price of peanut oil is: 15,550 yuan/ton. The reference prices are as follows:

Weekly Review:

This week, the prices of ordinary peanut oil and small-pressed fragrant peanut oil fluctuated. In terms of demand, the sales speed of peanut oil is average, and the demand is high. In terms of supply, due to poor profits, the operating rate of oil mills has dropped, but peanuts are in the seasonal accumulation stage, and the supply of peanut oil is sufficient. It is expected that in the short term, the price of peanut oil is likely to remain stable. The bumper harvest of peanuts and the increase in peanut oil production are bearish for the peanut oil market, so the price of peanut oil may remain stable. After New Year's Day, the Spring Festival boosts demand and peanut oil has become stronger, and there is still room for peanut oil to rise.

03 Peanut meal

The reference prices of peanut meal in various regions in Week 52 (December 23-December 27, 2024) are as follows:

Weekly Review:

The price of peanut meal fell this week. The peanut meal warehouse of oil mills was swollen, which led to the oil mills to continue to reduce prices to reduce inventory. In terms of supply, the supply of peanut meal is still sufficient. In terms of demand, the sales speed is not fast and the demand is average. It is expected that the price of peanut meal will be stable in the short term, but the supply of peanut meal is sufficient in the near future, and the price of peanut meal may fall.