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Peanut Market Trends on May 24crashspyrotripleplaybundle: The purchase price of peanut oil factories fell further, and market worries deepened

Oil mills such as Qingdao Yihai Kerry, Laiyang Luhua, and Fei County COFCO have lowered their peanut purchase prices since the 22nd, with an average price reduction of 50 to 100 yuan per ton. Panjin Yihai Kerry, Laiyang Luhua, and Fei County COFCO followed closely, reducing their purchase prices by another 100 yuan/ton yesterday. This move intensified the market's bearish sentiment on the price of oil rice, and market supply and demand pressures led to a continued decline in prices.

Although market confidence continues to be sluggish and supply is oversupplied, it is expected that the downside in peanut prices will gradually shrink. There are three reasons: First, Henan production areas are about to enter the busy farming season, and grassroots supply is expected to decrease significantly; second, the continued decline in prices may trigger resistance from suppliers; third, ground supply is gradually being consumed. In this case, market participants are advised to remain cautious.