Peanut, peanut oil and peanut meal trading overview and analysis forecast (Week 6, 2025)

01 Peanut 

In the 6th week (February 5-February 7, 2025), the national average price of peanuts was 8,467 yuan/ton. The prices of peanuts in various regions are shown in the following table:

Weekly Review:

This week, peanuts and peanuts rose steadily, and some areas in Shandong Province slightly lowered their prices. At present, the supply of peanuts in the production areas is limited, the purchasing points consume the inventory, the screening plants generally have little inventory, and the wholesale market purchases a small amount to replenish the inventory. The recent crushing profit of peanuts is not high, so the cost-effectiveness of imported peanuts is not high, and the import volume continues to decline.

Peanuts are affected by spot prices in the short term, but the sustainability is not strong. It is recommended to wait and see if there is no low long. In terms of supply, it is expected that the national peanut planting area will increase by 8-10% this year, the output will continue to increase, and the supply will be loose; February is the off-season for imports, the import volume will decrease, and the peanut inventory of oil mills will accumulate, which is under great pressure. In terms of demand, the crushing profit of oil mills has recovered, but it is still in a loss. The oil mills have not yet started, but the price of soybean oil and soybean meal has risen, which has a good boosting effect on peanut prices.

02 Peanut oil

In the 6th week (February 5-February 7, 2025), the national average price of peanut oil is: 15,500 yuan/ton. The reference prices are as follows:

Weekly Review:

This week, the prices of ordinary peanut oil and small-pressed fragrant oil were stable, and the price of small-pressed fragrant oil was stable. In terms of demand, the sales speed of peanut oil slowed down and the demand was stable. In terms of supply, the operating rate of oil mills fell after the holiday, and the supply pressure of peanut oil was slightly reduced. The price increase of the three major oils supported 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.

03 Peanut meal

The reference prices of peanut meal in various regions in Week 6 (February 5-February 7, 2025) are as follows:

Weekly Review:

This week, the price of peanut meal was stable with a slight increase. The increase in soybean meal and rapeseed meal prices boosted the peanut meal market. Due to the recent decline in the operating rate, the supply pressure of peanut meal has eased slightly. In terms of demand, the sales speed is not fast and the demand is general. It is expected that the price of peanut meal will be stable in the short term.