Peanut, peanut oil and peanut meal trading overview and analysis forecast (first week of 2025)

01 Peanut

In the first week (December 30, 2024 - January 3, 2025), 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 remained basically stable. There were not many commodity rice transactions this week, and it was difficult to make a deal. The moisture content of the supply in the Northeast production area is not good, and the demand side's purchasing enthusiasm has weakened. The supply quality in the Henan production area is good, the market purchase is general, and the trading atmosphere has improved. The price in this region is significantly higher than that in the Northeast, and the market's ability to accept high prices is limited. Most of the shipments are at par, and some transactions are negotiable.

Recently, the profit of imports is low, and the advantages of imported peanuts are not as good as domestic ones, and the import volume is weak. On the demand side, the price of peanut by-products is weak, the profit of oil mills is inverted, and the loss is serious. The operating rate of oil mills has declined accordingly, and peanuts continue to accumulate in warehouses, and the inventory pressure is relatively large. On the demand side, the demand for peanuts is weak, and it is difficult to ship. Some traders have a strong wait-and-see attitude, and large oil mills are just for purchase. In the terminal market, due to the weak operation of the three major oils, peanut oil follows the weak operation. Due to the low inventory of live pigs, the demand for peanut meal is limited, and the goods are slow, dragging down the peanut market.

It is expected that the price of peanuts will remain stable in the short term. Before the Spring Festival, the supply in the production area was not large, the market demand was general, and the supply and demand were basically balanced.

02 Peanut oil 

In the first week (December 30, 2024 - January 3, 2025), 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 are relatively stable. In terms of demand, the sales speed of peanut oil is average and the demand is relatively stable. In terms of supply, due to poor profits and inversion, the operating rate of oil mills has fallen, but peanuts are in the seasonal accumulation stage and the supply of peanut oil is sufficient. The price of the three major oils has fallen, dragging down the peanut oil market. 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. The Spring Festival boosted demand and supported the peanut oil market.

03 Peanut meal

The reference prices of peanut meal in various regions in Week 1 (December 30, 2024 - January 3, 2025) are as follows:

Weekly Review:

This week, the price of peanut meal was stable with a slight decline. The oil mills had accumulated peanut meal, which led some oil mills to continue to reduce prices to reduce inventory. In terms of supply, the supply of peanut meal is still sufficient, and in terms of demand, the sales speed is not fast and the demand is general. The weak operation of soybean meal market dragged down the peanut meal market. 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 still fall.