Peanut: A Report on China Market
September 16, 2017 at 5:56 AM ,
Rainbow Exports
Peanuts Report
Market Analysis
The price in the domestic market is stable with a slight down. With the weather sunny, the quantity of the new peanut into the market is increased gradually. But the general demand in the market is not strong. Most of the businessmen just buy the goods basis on their needs, but not storage more inventory. (Attahched)
The recent news in the production area:
Affected by the continuously rain days ago in Henan, there are not much goods into the market. The supply is limited. Most of the customers buy the peanut basis on their needs. The transaction is just so so. The price is stable with a slight down. In Jiangsu, Anhui, Hubei and Hebei, the new peanut comes into the market gradually. These days affected by the rain, less goods are into the market. There are also not many buyers. The price is stable. In Shandong, the new peanut comes into the market gradually. These days affected by the rain, it is difficult to dry the peanut. Less goods are into the market. There are not many buyers. The price is stable with a slight down. In Liaoning and Jilin, the transaction of the old peanut has been finished mostly. In some areas, the price is lower. The growing area of the new peanut is mostly the same as that before. It is estimated the new peanut will go into the market around October 1st.
The recent news in the domestic market:
According to what we know, the price in the domestic market is stable now. There is no much inventory. Most of the purchasers buy the goods basis on their needs. The sales is just so so. It is sunny in the production area, the peanut with more moisture is sold with a lower price. Some areas are affected and the price is reduced a little.
The recent news in the oil plants:
According to what we know, the purchasing price of the oil plants is at 6,200RMB/T-6,600RMB/T (Exchange rate is $1=6.5 RMB) with strict quality requirements. The water content should be less than 9.8%.The oil content should be 42%.The acid value should be less than 1.6%.The oil plants are not willing to buy the goods. Most of them have stopped the purchasing. The price is stable. According to what we know, some small oil factories have begun to purchase a small quantity of the new season peanut. Most of them buy the peanut for themselves and still don’t have the willing to buy a big quantity.
Above all because of the demand is not so strong. Besides, the farmers don’t sell a big quantity of the peanut into the market, the supply is limited. With the weather better, quantity of the new peanut into the market will be increased gradually. It is estimated that the price of peanut will have a small fluctuation. I suggest keep caution continuously when you buy or sell the goods. It is better you buy or sell the peanut quickly.
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