01 Peanut

Week 41 (October 9-10, 2025): This week's domestic peanut market trends by region:

1. Henan: Mainly weak and adjusted.

Baisha Production Area

: Due to widespread rainfall, the supply of dried goods is extremely low, and raw material trading has been largely suspended. Only a small amount of pre-rain inventory remains in circulation. In Nanyang, Zhumadian, Xinyang, and other areas, the purchase price of common rice is between 3.9-4.4 yuan, and that of 8-sieve polished rice is around 4.5-4.8 yuan. Prices are generally weak, and large variations in supply quality are leading to transaction volatility.

Dahua Production Area

: Prices are weak and stable. In Kaifeng, Shangqiu, and Zhoukou, the purchase price of common rice is between 3.7-4.1 yuan, and that of 8-sieve polished rice is 4.25-4.45 yuan. Unfavorable weather conditions have led to a shortage of dried goods, resulting in sluggish sales and fluctuating prices for inferior goods. 2. Northeast China and Inner Mongolia: Prices remain strong.

Liaoning: Prices are slightly higher in most areas. 308 Baisha common rice is priced between 4.0-4.15 yuan, and 8-sieve polished rice is priced between 4.35-4.45 yuan. Vendors are actively purchasing, but ordinary consumers are reluctant to sell. Supply is limited, and local transactions are acceptable.

Jilin: Prices remain strong. 308 Baisha common rice is priced between 4.1-4.15 yuan for good quality, and 8-sieve polished rice is priced between 4.35-4.4 yuan for good quality. Supply and demand remain stagnant, with limited supply. Transactions are based on quality.

Inner Mongolia: Prices are stable. Four-grain red common rice is priced between 3.0-3.3 yuan, and 308 common rice is priced between 4.1-4.15 yuan for good quality. Transactions are mainly small. 3. Other Producing Areas: Stable with Weakness

Hebei

: Prices were generally stable. Varieties like 99-1 and Jiyou 4 were priced between 4.1-4.5 yuan. Rainy weather has reduced the supply of dry goods, resulting in low supply volumes. Demand is good, but transactions are limited.

Shandong

: Prices were mostly stable, with some firming. Varieties like Weihua 8 and Luhua 11 were priced between 3.95-4.5 yuan. Continued rainfall has reduced supply, with trading primarily for quality goods, but overall prices are weak.

Jiangsu and Hubei

: Jiangsu saw a weak adjustment. Local Baisha Tongmi was priced between 3.8-3.9 yuan, with much of the supply coming from Northeast China. Hubei was stable but showing signs of weakness. Baisha Tongmi was priced between 4.7-4.8 yuan. Supply volumes were small, but demand for purchases increased slightly.

Anhui and Jiangxi

: Anhui was stable. Spring Baisha Tongmi was priced around 4.1 yuan. Supply volumes were small, and transactions were average. Scattered supplies in Jiangxi were finishing up, with no reference prices available. 

Weekly Review:

The current peanut market is characterized by a wait-and-see attitude, with purchases primarily based on demand. Overall, there's little support for price increases. On the one hand, the overall market environment is weakening, leading to weak demand. On the other hand, while the arrival of new peanuts has been impacted by localized weather, nationwide supply is expected to be ample.

The short-term market is likely to remain stable but slightly weak. On the demand side, downstream food factories and markets are sourcing as needed, while middlemen are moving in and out quickly, reluctant to stockpile. On the supply side, the Northeast is still in the harvest season, and farmers are eager to ship, leading to high volumes of incoming goods. Once the weather improves in Henan, the backlog of supply will also accelerate its arrival. Only in Shandong and Henan will the slow pace of supply in the short term provide some support for prices. Later in the year, we should be wary of potential periodic fluctuations caused by factors such as the reopening of major oil mills, the building of warehouses at intermediary suppliers, and the impact of low prices on farmers' sales. However, given the high level of planted area and the volatile economic environment, caution is advised.

02 Peanut Oil

In Week 41 (October 9-10, 2025), the national average price of peanut oil was 15,950 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, prices for both regular peanut oil and small-pressed fragrant peanut oil were relatively stable. After the holidays, demand for peanut oil returned to normal, primarily due to the overall weakening market. With the arrival of new-season peanuts, oil mill operating rates are gradually increasing, and supply is gradually easing. Currently, international oil and fat prices are relatively firm, supporting the peanut oil market price. In the short term (1-2 months), peanut oil prices will be driven by cost factors and follow the trend of raw materials.