In the middle of June, the domestic peanut market maintains a stable
state. In some regions, price of some varieties fluctuated and dropped
slightly. Quotations in various places are inconsistent. Currently, market
demand is still not promising in each place. However, since domestic overall
marketing situations for peanut oil and dregs remain unchanged, many oil
factories stop purchasing.
Recently, imported peanuts arrive successively, impacting domestic peanut market to certain degree. Meanwhile, since continuous high temperature in recent days, it is more difficult to store peanuts. Middlemen are hesitating about sales, and market price is not supported. It is more possible for the entire market situation to keep weaker.