01 Peanuts  

Week 5 (January 26-30, 2026): Domestic peanut prices mostly remained stable with some localized weakness; supply was generally limited, and transactions were based on quality. National Peanut Price List (Unit: Yuan/Jin, Standard Size Peanuts: Yuan/Ton)

Weekly Review:

This week, the peanut market generally showed a pre-holiday closing trend. Supply in producing areas decreased across the board, mainstream prices remained stable, and some areas maintained a firm stance on prices for high-quality goods. Downstream purchases were gradually winding down. Futures prices fluctuated downwards. The Zhengzhou Commodity Exchange peanut futures contract 2603 closed at 8040 yuan/ton on Thursday, down 0.62% from last week. In producing areas, supply in Henan was limited, with some high-quality goods showing stronger prices. Trading volume in Northeast China was average, with some high-quality goods maintaining firm prices. Trading in Shandong and Hebei was gradually winding down. Supply in southern producing areas was low, and prices remained stable. Wholesale market arrivals and sales increased by 3.84% and 9.94% respectively compared to last week, mainly due to small-scale pre-holiday restocking. On the oil mill side, some new orders have been suspended, and previous orders are being gradually cleared. This week's unloading volume was approximately 55,790 tons, a decrease of 7.92% compared to last week. It is expected that after the Lunar New Year, the market will generally enter a state of suspension of purchases. Looking ahead to next week, the price of oilseed rice is expected to remain stable and basically stagnate. The purchase price of oilseed rice at Shandong oil mills is estimated at 6,900-8,000 yuan/ton, while the price of commercial rice is trending towards stabilization and adjustment. The purchase price in Liaoning and Jilin is estimated at 9,000-9,400 yuan/ton, and the purchase price of new Baisha rice in Zhumadian, Henan is estimated at 7,000-7,600 yuan/ton depending on the size and quality of the grains. As the Spring Festival approaches, the overall market will gradually enter a state of shutdown and inventory depletion.

02 Peanut Oil

In week 5 (January 26-30, 2026), the national average price of peanut oil was 15,688 yuan/ton. Reference prices are as follows:

Weekly Review:

This week, the domestic peanut oil market remained generally stable with no significant price fluctuations. Its price movement was primarily driven by changes in the upstream peanut raw material market. On the supply side, stable upstream peanut raw material prices provided cost support. While oil mills had increased their operating rates earlier, they gradually entered the countdown to shutdown as the Spring Festival approached. Some mills suspended new orders and focused on completing previous orders, leading to a continuous accumulation of peanut oil inventory. Logistics also gradually entered the final stage. Downstream demand showed a "weak peak season" pattern. Pre-holiday stockpiling was nearing completion, with food factories and catering establishments mainly making small-scale replenishments and purchasing only what they needed, showing no intention of large-scale hoarding. Overall demand did not show a significant increase. In the short term, peanut oil market transactions will gradually stagnate before the holiday, and prices are expected to remain stable. The subsequent impact on prices will depend on the pace of oil mill resumption after the holiday, the arrival of imported peanuts, and the recovery of downstream demand.