How much is a jin of peanuts in 2020? Price trends and prospect forecast

Every year from June to August is when new peanuts hit the market, and it is also the happiest time for growers. So what is the market price of peanuts per jin in 2020? What are the future prospects? Let us take a look at the forecast below!

1. Basic information about peanuts

1. The producing areas of peanuts

What we commonly call peanut generally refers to the annual herbaceous plant groundnut, also known as earth bean, longevity fruit, potato (Taiwan dialect), Tangren bean or Nanjing bean (Japan), and so on. Peanuts are widely grown in China, mainly distributed in Liaoning, Shandong, Hebei, Henan, Jiangsu, Fujian, Guangdong, Guangxi, Sichuan, Jilin and other provinces (regions). Among them, Shandong Province ranks at the front in both planting area and output. In addition, they are also distributed in Brazil, Egypt and other regions and countries.

2. The value of peanuts

After shelling, peanuts can be eaten fresh, boiled, stir-fried, deep-fried, stewed in soup, and so on. In addition, peanuts have a very high oil yield among oil crops. As edible oil, edible oil has the effect of lowering blood lipids and cholesterol. They are also used as a lubricant in the textile industry and as a quenching agent in the mechanical manufacturing industry. In addition, in medicinal use, peanuts have effects such as stopping bleeding, tonifying the middle and replenishing qi, stimulating appetite and refreshing the spleen, and lubricating the intestines to remove dryness.

3. Peanut varieties

The peanuts currently grown in China are divided into four main types: common type, dragon-growth type, pearl type and multi-seed type. Among them, pearl type and common type peanuts are the most widely planted.

2. Market price forecast for peanuts in 2020: how much per jin?

At present, peanut market prices in some areas are relatively stable, and sales conditions are also relatively stable. Therefore, to predict the price situation in 2020, we must first understand the peanut market situation in 2019. Below is the price situation of peanuts in some areas recently compiled by the editor of Tuliu.com.

1. In Yuli Town, Wulian, Rizhao, Shandong, peanuts are purchased at around 3.28 yuan/jin, the price is weakening, and there is not much processing. In addition, recently traders have not been active in purchasing intentions, and some peanut purchases have already stopped. This year, the sown area decreased slightly by about 10%;

2. In Sanzhuang, Rizhao, Shandong, the purchase price is around 3.25 yuan/jin, 24/28 specification rice is packed at around 7400 yuan/ton, and 34/38 specification rice is packed at around 7100 yuan/ton;

3. In Xinye area, Nanyang, Henan, the price of Baisha wheat-stubble common rice is around 3.45 yuan/jin, the price of Baisha color-sorted common rice is around 3.55 yuan/jin, and the price of Baisha selected rice above 8 sieve is around 3.90 yuan/jin;

4. In Fuyu area, Jilin, the mainstream price of Silihong common rice is 3.80-4.10 yuan/jin, the mainstream price of local Silihong common fruit is 2.70-2.80 yuan/jin, common fruit with better quality is offered at 2.80-3.00 yuan/jin, local shelled fruit is 2.00-2.50 yuan/jin, and the mainstream price of transferred Inner Mongolia common fruit is 3.00-3.50 yuan/jin;

5. In Changfa, Changtu County, Liaoning, local Balake common rice is purchased at around 4.8-4.9, good goods of Baisha 308 common rice are purchased at around 4.8, good goods of 7-sieve refined rice are around 5.3, prices are stable, the amount arriving on the market is average, and the quotation is for reference only;

6. In Qijiazi, Changtu, Tieling, Liaoning, the new-season Balake common rice is purchased at around 4.9, 308 common rice is around 4.7-4.8, refined rice above 6 sieve is around 5.1, the quotation is stable, buyers purchase according to need, and transactions are made by negotiation;

7. In Qijiazi Town, Changtu County, Tieling City, Liaoning, local 308 common rice is purchased at 4.8-4.9, selected rice above 6 sieve is packed at around 5.25, Balake common rice is purchased at around 4.9-5.0, selected rice above 6 sieve is packed at around 5.3, the amount arriving on the market is not large, sales volume is not much, and prices are stable.

In addition, the main factors affecting peanut prices include planting area, output, quality, market demand, and the inventory of old peanuts, and so on. Therefore, the price in 2019 still depends on the influence of the above factors. However, since the beginning of this year, the peanut planting area has relatively decreased, and the price in 2019 will probably still remain at 3-4 yuan/jin.

3. What are the future market prospects for peanuts?

1. In recent years, peanut prices have not been high, and many peanut growers have suffered greatly. Some growers have even given up planting. Although the planting area relatively decreased in 2018, it did not raise peanut prices. Instead, because new peanuts entered the market and increased market supply, the market price was lower than the same period.

2. However, growers do not need to worry too much. Recently, the market's restocking volume has not been large, and the operating rate of oil mills is low, so there is still a certain unloading capacity at present. It cannot be ruled out that the shipping speed will become faster next and prices will increase accordingly. Therefore, the future peanut market still has profit space.

The above is the editor of Tuliu.com's forecast content regarding the peanut market price in 2020. However, everyone should be reminded that price fluctuations still exist, so the content here can only serve as a reference, and everyone should still rely on the actual situation. In addition, the vast number of growers should not blindly expand planting and should pay more attention to changes in market conditions.