During the National Day holidays, the peanut price became stable as affected by the holidays of the Mid-Autumn Day and the NATIONAL Day. The price in peanut market is expected to rise in the fourth quarter, and will experience obvious increase in November. The space for growth is about 10%, i.e., rising from average CNY3.3/500g to about CNY4/500g.

1. Price of peanut rises stably

The price of peanut this year is higher than that in the same period last year. As of Oct. 4, the price in four major peanut producing areas rises to certain degree respectively.

The price of rise in large-scale groceries in Linyi, Shandong Province is about CNY3.25/500g, price of milled rice is about CNY3.6/500g; price of currency rise in Baisha is CNY3.45/500g, price of common price in Baisha, Henan Province is CNY3.7/500g, price of grains screened for six times, seven times and eight times is respectively CNY 4.0/500g, CNY4.15/500g and CNY4.25/500g; the price of common price screened for six times, common grains screened for seven times and common fruits is respectively NY 3.55/500g, CNY3.95/500g, CNY4.15/500g and CNY2.85/500g.

2. Four reasons for prospects of subsequent peanut market

According to peanut market situations this year, the price of peanut is expected to rise after stability. In other words, the probability that the peanut price rises from October, November to 2019 is high.

The peanut planting area is reduced this year. Part of data shows the reduction is about 9.95%, and total peanut output reduces. The diseases and insect pests of peanuts are more this year. The insect pests are server in Henan, Hebei and Shandong, and peanut output is commonly 300-350kg, and output for some farmers has been reduced for about 20%. The demand for peanut keeps promising. Peanuts are foods that many people enjoy. Peanut enterprises will make preparation for the peak season. After November, all enterprises will prepare for the Spring Festival market and actively store goods sources.