01 Peanut

n Week 36 (September 1-5, 2025), domestic peanut prices remained relatively stable, fluctuating within a narrow range. Henan's common peanut price hovered around 4.3 yuan per jin (0.5 catties), while local new 308 peanuts in Hebei were priced between 4.2 and 4.3 yuan per jin (0.5 kg). The specific situation in each producing region was as follows: Henan's market was primarily driven by weather. Good weather at the beginning of the week led to an increase in new peanut supply, but buyers, with few orders and low confidence, deliberately kept prices down. By mid-week, widespread rain in Henan prevented drying of the new peanuts, resulting in a very low volume of peanuts available for sale. Processors, in order to secure supplies, raised prices slightly. Better weather in Hebei's producing regions led to a gradual increase in new peanut supply, but the peanuts were still relatively moist, making them difficult to process and store, thus limiting the amount that could actually be circulated and used. Peanuts from Jiangxi and Hubei have a clear advantage—their low moisture content and dryness keep prices stable. However, therein lies the problem: on the one hand, demand for peanuts is weak, and on the other hand, peanuts from these two regions are relatively expensive. Furthermore, the small cultivated area and limited supply have led to a relatively sluggish market and lackluster sales.

Weekly Review:

According to the weather forecast, Henan will continue to experience widespread rain for the next week, hindering proper drying of new peanuts. The actual supply reaching the market is unlikely to increase significantly. Hebei will experience favorable weather in the coming weeks, and the supply of new peanuts will gradually increase. However, due to the generally high moisture content of peanuts, processing and storage are affected, so the effective supply will remain limited. New peanuts from Northeast China will have to wait a while, with bulk shipments expected to arrive in late September or early October. While peanuts from Jiangxi and Hubei are sufficiently dry, the overall supply is too small to contribute significantly to the national peanut market. In the short term, demand remains weak, and the effects of Mid-Autumn Festival stockpiling are becoming less and less pronounced. Coupled with the overall sluggish consumer environment, downstream buyers rarely stock up in large quantities. Market participants are generally pessimistic and lack confidence in future market conditions, creating significant resistance to peanut price increases. On the one hand, the actual supply of new peanuts is insufficient, while on the other hand, terminal demand and lack of confidence from buyers are weak. As a result, peanut prices are neither rising nor falling, and are expected to continue to fluctuate within a small range.

However, in the medium term, once peanut harvest begins in most parts of China and large quantities of new peanuts enter the market, seasonal supply pressures will gradually emerge, and peanut prices may then face significant downward pressure.

02 Peanut Oil

For Week 36 (September 1-5, 2025), the national average price of peanut oil was 15,900 yuan/ton. Reference prices are as follows:

Weekly Review:

Domestic prices for both regular peanut oil and small-pressed fragrant peanut oil fell slightly this week. Peanut oil demand is currently weak, and the market is not actively stocking up, awaiting the full arrival of the new season's peanuts. Rising international oil prices and a tight peanut oil supply are supporting peanut oil market prices. The overall peanut oil market remains on the sidelines, and is expected to remain stable next week, awaiting the peak season.