01 Peanut

Week 44 (October 27-31, 2025): Henan Production Area: Peanuts are still in the drying stage. Supply is gradually entering the market, but the pace is slow, and the effective supply has not yet increased significantly. The market is mainly based on existing supply. North China/Northeast China Main Production Areas: Supply is currently tight in Shandong, Liaoning, Jilin, Hebei, and other areas. Supply at the grassroots level is generally low, and farmers' willingness to sell is relatively stable, with no signs of concentrated market entry. Frozen peanuts have occurred in some parts of Heilongjiang, which has had some impact on the quality and circulation of local supplies. Peanut market conditions in various regions of China this week:

Weekly Review:

Peanut prices are fluctuating with a slightly upward trend, mainly supported by loose credit in Northeast China, slow market entry in Henan, and restocking demand due to low terminal inventory. Short-term prices in Northeast China will still be supported, but a sustained upward trend lacks substantial demand. Operations should be based on actual needs, and chasing price increases should be approached with caution.

Core logic: Effective supply of commercial rice in Henan still needs another week to arrive, during which demand will still rely on purchases from Northeast China; however, supply may accelerate after the busy farming season in Henan ends, but oil mills are not aggressive in entering the market and end-user consumption is sluggish, which will restrict the continued rise in prices. Next week, we need to pay close attention to the supply situation in Henan.

02 Peanut oil

In week 44 (October 27-31, 2025), the national average price of peanut oil was 15,950 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, the prices of ordinary peanut oil and small-scale pressed fragrant peanut oil remained relatively stable. Peanut oil sales were slow, mainly due to weak demand influenced by the overall economic environment. With the new peanut season gradually entering the market, oil mill operating rates are gradually increasing, leading to a gradual easing of supply. Currently, international edible oil prices are weak, dragging down peanut oil market prices. In the short term (1-2 months), peanut oil prices are likely to remain stable.