01 Peanut 

In Week 42 (October 13-17, 2025), domestic peanut prices saw a slight decline and minor fluctuations. A cautious market led to a decline in high-priced transactions. A single sunny day in Henan triggered a surge in incoming shipments, resulting in weaker prices. However, high-quality supplies from Northeast China were favored, and strong purchasing maintained stable prices. Factors such as Henan's weather, Luhua's quality control measures, sluggish consumption, and the macroeconomic environment intertwined and influenced the market. Peanut prices are expected to face downward pressure next week, but further adjustments will depend on the weather in Henan and the progress of market entry. This week's domestic peanut market trends:

1. Henan producing area: Overall stable, with weak supply and demand

1. Baisha peanuts

Common rice: 3.8-4.3 yuan/jin (approximately 100g) (in areas like Nanyang and Zhumadian, local and imported goods are priced similarly);

8-screen polished rice: 4.4-4.7 yuan/jin (external goods in Ye County, Pingdingshan, are 4.5-4.55 yuan/jin, and in parts of Nanyang, 4.7 yuan/jin);

Wheat stubble rice: 3.8-4.0 yuan/jin (available sporadically, price determined by quality).

2. Large Peanuts

Common Rice: 3.5-4.1 yuan/jin (in Kaifeng, Shangqiu, and other areas, good quality rice is 3.8-4.1 yuan/jin, poor quality rice is 3.5-3.6 yuan/jin);

8-sieve polished rice: 4.25-4.8 yuan/jin (in Jiaozuo, the Gangsan variety is 4.8 yuan/jin, in Kaifeng, 4.25-4.4 yuan/jin);

Common Fruit: 2.1-3.1 yuan/jin (in Hebi, small Japanese common fruit is 3.0-3.1 yuan/jin, in Zhoukou, around 2.3 yuan/jin). 2. Northeast Production Area: Liaoning sees strong performance in some areas, while Jilin remains stable.

1. Liaoning

308 Baisha common rice: 4.1-4.2 yuan/jin (premium products in Jinzhou, Heishan, and other areas are 4.2 yuan/jin, with prices stable but slightly strong);

8-screen polished rice: 4.4-4.5 yuan/jin (premium products in Beizhen are 4.5 yuan/jin, while prices in Changtu, Fuxin, and other areas are 4.4-4.45 yuan/jin);

Huayu 23 (Little Japan): common rice: 3.85-4.05 yuan/jin, refined rice: 4.2-4.4 yuan/jin.

2. Jilin

308 Baisha common rice: 4.0-4.15 yuan/jin (approximately 100g), 8-sieve polished rice: 4.4-4.45 yuan/jin (approximately 100g);

Four-grain red: 4.0-4.2 yuan/jin (approximately 100g), polished rice: 3.9-4.2 yuan/jin (approximately 100g);

9616 common rice: 4.2-4.35 yuan/jin (approximately 100g), prices remain stable.

3. North China Production Area (Hebei and Shandong): Mainly stable, with some areas experiencing supply shortages.

1. Hebei

99-1/308 Baisha: Standard rice 4.1-4.3 yuan/jin, 8-sieve polished rice 4.6-4.65 yuan/jin;

Jiyousi: Standard rice 4.3-4.5 yuan/jin, 8-sieve polished rice 4.8-5.05 yuan/jin (scarce varieties tend to be more expensive);

Little Japan: Standard rice 3.95-4.05 yuan/jin, polished rice 4.2 yuan/jin.

2. Shandong

Weihua 8 / Luhua 11: General rice 4.0-4.5 yuan/jin, 8-sieve polished rice 4.5-4.9 yuan/jin (food grade rice 4.85 yuan/jin);

Traditional finished rice: 20/24 gauge 10,300-10,700 yuan/ton, 28/30 gauge 9,800-10,500 yuan/ton;

Northeast 308 Baisha 8-sieve polished rice: 4.5-4.6 yuan/jin (Linyi, Weifang, etc.). IV. East/Central China Production Areas (Jiangsu, Anhui, and Hubei): Stable operation, with small incoming volumes.

Jiangsu: Baisha common rice 3.8-4.0 yuan/jin, 8-sieve polished rice 4.3-4.6 yuan/jin (Northeastern goods transferred from outside the province 4.55-4.6 yuan/jin);

Anhui: Luhua 8-sieve common rice 4.0 yuan/jin, Maisha 8-sieve polished rice 6.0-6.2 yuan/jin (used for roasting nuts, prices are higher);

Hubei: Baisha common rice 4.6-4.85 yuan/jin, 8-sieve polished rice no clear price, color-selected common rice 4.6 yuan/jin. V. Domestic Trade Market: Generally stable, with average sales.

Northeast China 308 Baisha 8-sieve polished rice: 4.65-5.05 yuan/jin (4.65-5.05 yuan/jin in Guangdong, 4.65-4.7 yuan/jin in Zhejiang);

Huayu 23 (Little Japan) color-selected rice: 4.3-4.5 yuan/jin (Guangdong, Fujian, etc.);

Specialty Varieties: Hubei Yicheng Baisha color-selected rice: 5.0-5.1 yuan/jin, Jilin Silihongjingguo rice: 4.3 yuan/jin, Sichuan local new rice 9-sieve: 5.6 yuan/jin.

Weekly Review:

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. As weather improves in Henan, the backlog of goods will also accelerate into the market. Only Shandong and Henan, where prices are slow to enter the market in the short term, will provide some support. 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 by middlemen, and the impact of low prices on farmers' sales. However, given the high level of planted area and the volatile economic environment, we recommend caution in our operations.

02 Peanut Oil

For Week 42 (October 13-17, 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. Peanut oil sales were slow, primarily due to weak demand driven by the broader 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. In the short term (1-2 months), peanut oil prices will be driven by cost factors and follow the trend of raw materials.