Since mid-February, the domestic peanut market has continued to adjust steadily and weakly, the demand body procurement mentality is cautious, and the market wait-and-see mood is obvious. The survey shows that the current price of peanut rice in the main production area of Shandong is 7400 ~7600 yuan / ton, which is little changed compared with last week; Henan Baisha unified rice is 7200 ~7500 yuan / ton, down by 200 yuan / ton; the main sales area of Guangdong market Henan wheat stubble Baisha unified rice 8300 ~ 8400 yuan / ton, the change is not large; Guangxi market Henan wheat stubble Baisha unified rice 8200 ~ 8300 yuan / ton, down 100 yuan / ton.
After the Spring Festival, Fei County COFCO Oil Factory, Panjin Kerry, Qingdao Kerry, Kaifeng Longda and other oil mills have successively opened harvests, while Luhua factories continue to wait and see, and have not yet announced the news of entering the market for acquisition. The oil mills that have already closed continue to strictly control quality standards, and the Kaifeng Longda Oil Plant has even lowered the purchase price. Recently, the transaction price of oil and rice from COFCO Oil Factory in Feixian County was 7000~7300 yuan / ton, and the Shandong Yuhuang Oil Factory was about 7200 yuan / ton (about 9500 yuan / ton in the same period last year).
Since the market price after the Spring Festival did not meet expectations, farmers in many areas still have a certain wait-and-see mentality, and the overall volume of goods is not large. At present, dealers mainly consume inventory, the overall transaction is relatively light, and the market price remains stable and weak. After the holiday, the sales of downstream products peanut oil are not ideal, and the quality control of small and medium-sized oil mills is more stringent, which to a certain extent aggravates the market wait-and-see mood, brings certain pressure on market confidence, and the current enthusiasm for food factories to replenish the warehouse is not high, and a small amount of procurement is mainly required, suppressing the confidence of dealers to enter the market.
Later in the domestic peanut market need to focus on: one is the willingness to enter the market and the price of the oil mill and the adjustment of the strategy; the second is the shipment mentality and demand of all parties, if the market continues to trade cold, it will continue to suppress market confidence, inhibit the enthusiasm of dealers to purchase, at present, dealers maintain a cautious attitude towards the future market, the enthusiasm for stockpiling is generally not high; the third is the import of peanut rice, it is expected that the next batch of imported peanut rice will arrive at port around the end of February, for the time being, Imported peanut rice will not cause much pressure on the domestic peanut market.
Although there is still a certain reluctance to sell in some production areas, which supports the trend of peanuts, it is difficult for the market to show bright spots in the case of no substantial improvement in the demand side, but due to the impact of factors such as the epidemic, weather, and farmers' reluctance to sell, it is expected that the short-term domestic peanut prices will remain stable or the possibility of small shock adjustment is greater. Due to the sluggish market demand and abundant supply of surplus goods in the production area, it is recommended to maintain on-demand procurement in operation. (Originally published on February 22, 2022, grain and oil market newspaper A03 edition)
Source丨grain and oil market report
Total Duty 丨 Liu Xinhuan Coordinator 丨 Liu Chao Editor 丨 Zhao Xixi
