MySheen

Peanuts rise against the trend in the off-season, "spending your money" is not negotiable.

Published: 2024-11-05 Author: mysheen
Last Updated: 2024/11/05, Peanuts rise against the trend in the off-season, "spending your money" is not negotiable.

In general, after the Spring Festival, peanut sales belong to the weak season, and market prices generally show a downward trend, but since the Spring Festival this year, the peanut market has risen and maintained a strong trend. In addition to "garlic is ruthless", "to money onions", and now there is "spending your money", what is the reason for driving up the price of peanuts in the off-season?

Now it is the annual peanut sowing season again. In Puyang, Henan Province, the reporter learned through a field visit to the local peanut market that farmers' psychological expectations for peanut prices are relatively high, and the psychology of cherishing sales is widespread. Li Wei, a farmer from Sanlidian Village, Zi'an Township, Puyang City, planted more than 3 mu of peanuts last year. Due to the selection of high-quality varieties, his family had a bumper harvest last year, with a yield of more than 200 kilograms per mu.

Li Wei: the price of peanuts here is not very good this year. Now it is more than four yuan a jin. It has always been the same price after the New year. It is not very ideal. I can't afford to sell it at home.

According to Xu Chunhui, a market analyst for aquatic products in Weihai, Shandong Province, after the Spring Festival, the price of peanuts in the domestic market is all the way up. Since late March, due to the combined influence of the small supply of surplus goods in the production areas and the increase of purchase prices by some oil factories, the domestic peanut market price has continued to maintain a stable and medium-strong trend, but the quotation appears to be relatively chaotic. Judging from the current market transactions in various producing areas, market confidence has been enhanced in some areas, and market transactions in some areas have improved slightly, but the psychology of farmers and dealers in sparing sales still exists.

Xu Chunhui: recently, the prices of Baisha and Jilin Sijiehong in Shandong and Henan continue to show a stable and strong trend. At present, the price of white sand rice per jin in the main producing area Shandong market reached 5-5.3 yuan, up 3.5% from the same period last year, while the recent purchase price of oil rice per jin at the Tianxiang Oil Plant in Qingdao, Shandong Province, was 4.3 yuan, an increase of 4.9% over last week.

It is understood that the recent steady rise in the quotation for the purchase of peanut raw materials in oil factories has led to the enthusiasm of the peanut market, and the psychology of cherishing sales in the market has been further strengthened with the price increase of oil factories, the confidence of dealers has greatly increased, and the psychology of farmers' cherishing sales has appeared again; on the other hand, there is less inventory in the main producing areas, resulting in the current situation that supply is less than demand.

Xu Chunhui: according to the survey, at present, the overall surplus supply in each producing area is small, and the overall supply of Baisha in the main producing area is only about 10%; while the oil market inventory in Guangdong and Guangxi is small; in addition, recently, the major oil factories have also given enough face to the market, and a good purchasing attitude is the leading factor that the price continues to be strong in the near future. Coupled with the recent sharp rise in soybean oil and palm oil prices, peanut oil also has the potential to increase, fully supporting peanut prices to continue to rise.

Analyst Xu Chunhui warned that poor quality sources should be handled and digested as far as possible, and good quality sources should also be stored or transported to control the temperature and pay attention to ventilation. Judging from the situation of the peanut market in recent years, the price of peanut fluctuates more and more, and the phenomenon of growers following the trend has not changed. It is expected that the price of peanut will not soar in the later period. It is suggested that farmers must plant rationally.

Xu Chunhui: as the weather turns hot and the overall market demand is not very strong, there is a phenomenon of production and sales hanging upside down in some areas, which will restrict its prices to continue to rise. It is expected that the peanut market will remain stable in the future, but there will be periodic fluctuations.

For the recent bullish peanut market, Xu Chunhui believes that the current high price of peanuts will to a certain extent enhance the enthusiasm of farmers to grow peanuts this spring, and expanding the planting area of peanuts has become a foregone conclusion. Under the background of grain supply-side reform, in addition to adjusting the planting and breeding structure, farmers can also rely on "planting methods and technological upgrading" to grow grain scientifically and grow "income-increasing grain."

Xu Chunhui: in Shandong, it is necessary to stabilize wheat production, appropriately reduce the area of corn, and vigorously develop cash crops such as soybeans and peanuts; in Liaoning, on the premise of ensuring that the total grain output is stable at 5 billion jin, appropriately reduce the planting area of corn and expand the planting area of facility agriculture and rice, peanuts, miscellaneous grains, and feed.

 
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