Summer planting is basically over, peanut prices have fallen slightly recently, how will they move in the second half of the year?

First, let me report the current peanut prices. In Henan, peanut kernels are basically at 2.8-3.3 yuan per jin, and the current price is basically running steadily. Now the peanuts in farmers' hands have basically all been sold, with almost nothing left. However, because farmers have been busy with summer farming recently, they basically have not had much time to sell peanuts, making the market seem somewhat quiet.

Now that summer planting is basically over, from the information I have learned, the peanut planting area in most parts of Henan is still relatively stable, with basically no major change compared with last year. It should be said that this year's market supply will still be relatively guaranteed. However, in recent years, domestic demand for peanuts as a whole has also increased. As people's demand for peanut oil products increases, the domestic market's peanut supply will also grow.

Now the early spring peanuts in the south are about to be harvested, and next, from south to north across our country, new peanuts will be listed on the market one after another basically all the way through September. Therefore, the market supply of new peanuts will also receive a strong supplement.

For the second half of the year, looking at the overall market trend, no matter how high the price goes, it will be difficult for it to exceed this recent window. Market prices are ultimately determined by the contradiction between market supply and demand.

Now the market prices in most peanut regions are also showing stability, and as temperatures rise, farmers who still have peanuts on hand will gradually sell them off. In fact, after the Dragon Boat Festival, affected by the supply of goods, overall peanut prices still rose slightly, and at present many regions even show a situation where there is a price but no market. In our country's Northeast region, for example, the peanuts currently circulating in the market are basically mainly from earlier inventory. And this part also basically guarantees the demand of oil mills and peanut food processing enterprises.

In summary, under the condition that the overall peanut supply this year is relatively stable, it will also be difficult for a very good market to appear in the second half of this year, and current peanut purchasing is also basically near its end. At this stage, peanut prices are also relatively stable. In particular, demand for peanuts in southern China has increased somewhat, and prices also show an upward trend.

And in the recent period, overall market supply has been relatively weak, and peanut market prices in some regions have also been stable with a slight upward bias. Farmers can seize the opportunity and choose the right time to sell, and as temperatures rise, storage is also a problem.

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