01 Peanuts

Week 52 (December 22-26, 2025): This week, domestic peanut market prices were mostly stable, with some areas showing a slight downward trend; supply was generally limited, and transactions were based on quality. National Peanut Price Summary Table, December 26, 2025 (Unit: RMB/jin, unit for shelled peanuts: RMB/ton)

Weekly Review:

This week, peanut market prices across various regions remained largely stable, but the market sentiment showed some weakness. In the producing areas, prices in Henan remained stable with some adjustments, and prices for some general-grade peanuts were weak. Farmers and small vendors were selling in moderate quantities, but the overall supply was not large. The market was cautious and purchased only as needed. Finished product transactions were sluggish, mainly focusing on oil-grade peanuts, with prices determined by quality. Prices in Liaoning remained largely stable, with farmers and small vendors still holding out for higher prices and limited supply.  Inquiries increased in some areas, but overall transactions were average. Prices in Jilin were also stable, with limited supply from the grassroots level. Demand increased slightly in some markets. In both regions, prices were determined by the willingness to sell and the quality of the peanuts. Oil mills maintained stable prices for high-quality peanuts, with transactions based on quality and strict quality control. Some instances of truck delays and re-inspections occurred, and the return rate was relatively high in some cases.  Approximately 9500 tons arrived today. Domestic market prices remained stable with limited arrivals. Traders mainly consumed their own inventory, making small purchases as needed and at selective prices. The peak season did not show strong demand, and overall sales were slow. Looking ahead, peanut prices face significant upward resistance. The main limiting factors include the lack of strong demand in the domestic market during the peak season, the unreleased inventory pressure of commercial peanuts in the producing areas, varying selling sentiments among farmers, increased supply in some areas of Henan but low purchasing enthusiasm from processing plants leading to price weakness, strict quality control by oil mills resulting in high pressure on the sale of second-grade oil-grade peanuts, and the unfavorable macroeconomic environment and sluggish sales of bulk commodities and peanut-related products impacting market confidence. However, the decline is temporarily limited, and the bottom support is relatively strong. This is because many producing areas, such as Shandong and Henan, experienced reduced quality due to adverse weather conditions, resulting in a decrease in the proportion of high-quality peanuts and a strong reluctance to sell, leading to limited supply. Oil mills are still actively purchasing high-quality peanuts. At the same time, domestic traders are cautious in stocking up, and downstream inventory is not high, with phased purchases maintaining the flow of goods.  Therefore, peanut prices are unlikely to fluctuate significantly in the short term.  A cautious approach is still recommended in the medium to long term, as transactions in the Northeast producing areas have been unusually slow in the past two months. Before the holiday, oil mills mainly purchased low-acid, high-quality peanuts in limited quantities, and it is expected that the remaining inventory in the producing areas will be relatively high, and the sales period in March after the New Year is relatively short.

02 Peanut Oil

Week 52 (December 22-26, 2025), the national average price of peanut oil was 15,700 yuan/ton.  Reference prices are as follows:

Weekly Review:

This week, peanut oil market prices remained stable. Currently, the overall supply of peanut oil is abundant, and oil mill inventories are rising.  The producing regions show regional differentiation, with Northeast China maintaining high prices and reluctant to sell, while Henan province has ample supply of oilseeds. On the demand side, consumption is weak, traders are cautious in purchasing, and terminal sales are slow. However, the approaching New Year and Spring Festival holidays will drive necessary restocking. In the long term, the market is upgrading towards high-end and healthier products, with increasing penetration of high-oleic acid products.

Overall, the short-term market supply and demand are loose, leading to insufficient upward price momentum. In the long term, the industry will experience structural growth driven by consumption upgrades.  Going forward, it is necessary to closely monitor the progress of holiday stocking, the depletion of oil mill inventories, and the flow of goods in the producing regions.