Peanut prices kept falling from 2017 to 2018: where should growers go from here?

In 2017, since domestic peanuts hit the market, the overall market has seen a mix of rises and falls, with market prices showing a certain decline. Recently, peanut prices have been on a downward trend, and growers do not know whether they should still plant in 2018, so what will the peanut price market be like in 2018?

What is the current peanut market situation nationwide?

In Yanzhou, the price of Yihai Kerry original-packaged standard-grade peanuts is 6200 yuan/ton, a drop of 200 yuan/ton.

In the Shandong market, the price of new-season standard-grade peanut pods is 4800-5000 yuan/ton, basically flat compared with last week.

In Shenzhen, the price of Luhua standard-grade peanuts is 7200 yuan/ton, flat compared with last week.

In the Henan market, the price of standard-grade white peanut kernels is 7400-7600 yuan/ton, little changed compared with last week.

Overall, domestic peanut prices are still fairly stable, with declines only in some areas, and the general trend is good.

Reasons for the decline in peanut prices:

First, because demand in the downstream product market is not strong, the profit margin in peanut oil processing is small, and oil mills are not very enthusiastic about purchasing raw materials.

Second, the overall quality of peanuts this year is relatively poor, with a large amount of low-quality supply, which directly dragged down the price of good goods.

Third, farmers are reluctant to sell (good-quality peanuts), and their willingness to sell is not strong, which provides positive support for the peanut market and helps delay the overall downward trend.

In fact, while farmers wait and see, they can also improve their existing sales models.