01 Peanuts

Week 3 (January 12-16, 2026): This week, domestic peanut market prices were mostly stable, with some areas showing slight weakness; supply was generally limited, and transactions were based on quality. National Peanut Price Summary (Unit: RMB/jin, specifications for kernels: RMB/ton)

Weekly Review:

Currently, there is a significant divergence in the willingness of suppliers to sell in the peanut market. Some suppliers are lowering prices due to inventory pressure, while holders of high-quality goods are maintaining their prices.  Furthermore, there are significant quality differences in the supply from production areas such as Henan and Shandong.  The Northeast region also sees the mixing of peanuts from Heilongjiang and Henan, directly leading to a chaotic market price system. Taking the Northeast 308 series as an example, the mainstream price for 8-mesh refined kernels is approximately 5.0 RMB/jin (actual transaction prices are slightly lower), while mixed goods are priced as low as 4.8-4.85 RMB/jin. High-quality general-grade kernels are priced at 4.6 RMB/jin, and those containing frozen kernels or with low yield are only 4.4 RMB/jin; demand is weak, with food factories largely completing their stockpiling, order volumes decreasing year-on-year, and domestic trade moving slowly. Traders are mainly focused on clearing inventory, and their purchasing enthusiasm is low. Although oil factories maintain a stable purchasing pace, they have strict quality requirements and their inventories are gradually increasing.  Purchasing will gradually wind down before the Spring Festival, making it difficult to boost the market. At the same time, Senegal has resumed peanut exports and abolished export taxes, increasing the competitiveness of imported peanuts and posing a potential impact; in terms of weather, unfavorable weather in the Henan production area next week may reduce shipments. Coupled with the low prices in the area and increasing resistance to low prices at the grassroots level, the price decline in the Henan production area before the Spring Festival will be limited. However, overall demand lacks substantial positive factors, and the circulation of goods in the Northeast production area remains slow. Even after the price drop, there has been no significant increase in transactions, and some goods are still waiting to be released. With limited trading time remaining before the Spring Festival, if demand does not improve significantly, the pressure on suppliers to sell will intensify. Once the willingness to maintain prices weakens, the price center may continue to be under pressure, but the decline is expected to be relatively limited.

02 Peanut Oil

Week 3 (January 12-16, 2026), the national average price of peanut oil was 15,688 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, peanut oil market prices remained stable. The quoted price for first-grade ordinary peanut oil was approximately 14,200-15,000 yuan/ton, and for cold-pressed aromatic peanut oil, approximately 16,500-17,500 yuan/ton. Senegal's resumption of peanut exports and the removal of export taxes further increased the impact of imported raw materials. Only peanuts from the Henan production area saw a slight cost support due to weather conditions and farmers' reluctance to sell, providing limited support to peanut oil production costs. Crushing profits were still acceptable, but due to weak end-consumer demand and high peanut oil inventory levels compared to the same period in recent years, market demand lacked sufficient support. In the short term, there was a slight boost from pre-Chinese New Year stocking, and some oil mills increased their raw material purchase prices. However, in the long term, the market faces pressure from increased imports of peanuts after the holiday and ample supply, making a significant price increase unlikely.