Domestic peanuts, peanut oil, and peanut meal trading summary and analysis (Week 46, 2024)

01 Peanut

In the 46th week (November 11-November 15, 2024), the national average price of peanuts is 8,750 yuan/ton. The prices of peanuts in various regions are shown in the following table:

Weekly Review:

This week, the price of peanuts has been stable with a slight increase. The price of peanuts is relatively stable. In terms of supply, my country's peanut production has increased this year, and a large number of new peanuts have been put on the market. The supply tends to be loose, which is bearish for the peanut market. In terms of demand, the profit of oil mills is good. Recently, oil mills have been actively purchasing, and the operating rate has increased. They have begun to purchase peanuts one after another. In addition, farmers are reluctant to sell and have a strong willingness to support prices, which is good for the peanut market. Recently, large-scale oil mills have begun to relax their purchase indicators and purchase a large amount of imported rice from ports.

It is expected that the price of peanuts will fluctuate weakly in the short term. Oil mills have begun to enter the market for purchases, and the market atmosphere has improved, boosting the market, but the supply tends to be loose, and large oil mills purchase imported rice, which suppresses the peanut market, so peanuts may run weakly.

02 Peanut Oil

In the 46th week (November 11-November 15, 2024), the national average price of peanut oil is: 15,500 yuan/ton, first-grade ordinary peanut oil is 14,100 yuan/ton; small-pressed fragrant peanut oil is 16,900 yuan/ton. The reference prices are as follows:

Weekly Review:

This week, the price of peanut oil rose, the crushing profit was good, the operating rate of oil mills was increased, and the supply of peanut oil gradually became loose, which was bearish for the peanut oil market. In terms of demand, the sales speed of peanut oil was acceptable, which supported the peanut oil market. It is expected that in the short term, the price of peanut oil is likely to remain stable, and the oil mills are willing to support the price, which supports the peanut oil market. The bumper harvest of peanuts and the increase in peanut oil production are bearish for the peanut oil market. The supply is strong and the demand is strong, so the price of peanuts is likely to remain stable.

03 Peanut Meal

The reference prices of peanut meal in various regions in Week 46 (November 11-November 15, 2024) are as follows:

Weekly Review:

The price of peanut meal rose slightly this week. In terms of supply, the operating rate of oil mills is high recently, and the supply of peanut meal is 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 remain stable in the short term, and the price of peanuts is on an upward trend, which may support the price of peanut meal.