01 Peanuts 

Week 46 (November 10-14, 2025): Prices in peanut-producing areas diverged this week. Northeast China saw a significant price increase (due to small-scale dealers and external funds manipulating inventory, and screening plants having limited supply and being reluctant to sell at low prices). Henan's supply remained limited. While local inquiries increased due to high prices in the Northeast, some oil mills tightened quality control, and local oil mills faced increased pressure to receive supplies, leading to price reductions. Most large mills did not begin purchasing (as of November 13, the average price of oilseeds in Henan was 7400 yuan/ton, while the average price of new Baisha peanuts in Zhumadian was 7020 yuan/ton, and the average price of mixed-grade new peanuts was 7700 yuan/ton). In terms of price, the average price of Baisha peanuts in Fuxin, Liaoning was 8910 yuan/ton, and the average price of oilseeds in Shandong this week was 7750 yuan/ton.

Weekly Review:

From November 10th to November 15th, domestic peanut prices generally rose, with the most significant increase in Northeast China (due to hoarding by vendors and panic buying by non-professionals leading to raw material shortages). The upward trend slowed over the weekend, and prices stabilized. Four-kernel red peanuts followed suit, while peanuts of better quality in Henan saw a slight increase driven by the Northeast market. Other producing areas had limited supply and adjusted their prices accordingly, following the stronger performance of the main producing regions. Demand remained cautious, with purchases mainly based on immediate needs and selective pricing. After the price increase, transaction volume continued to shrink, with few transactions at high prices, and buyers becoming more rational in their pursuit of higher prices. Although sales in Henan accelerated slightly, limited supply due to unstable peanut moisture and quality, and farmers rushing to plant wheat, prevented a significant increase in transaction volume. Looking ahead, the price of peanuts from Northeast China is unlikely to decline significantly in the short term (due to their superior quality and vendors' reluctance to sell at high prices). However, in the long term, the price will remain high due to the inverted supply and demand imbalance. Once the harvest season in Henan ends and the effective supply increases and moisture levels improve, Henan peanuts may seize the market with their high cost-performance ratio, and the price of Northeast peanuts will likely return to a more rational level. Henan peanuts may see a slight price increase due to a shift in purchasing demand, but the increase will be limited by the subsequent peak supply of peanuts after the wheat harvest, unstable quality, and the purchasing trends of oil mills.

02 Peanut Oil

In week 46 (November 10-14, 2025), the national average price of peanut oil was 15,913 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, the price of small-batch pressed fragrant peanut oil remained relatively stable, while the price of ordinary peanut oil in Zhengkang, Henan Province, decreased. 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 the peanut oil market price. In the short term (1-2 months), peanut oil prices are likely to remain stable.