christmascarolmegaways™| Peanut prices: The off-season demand comes early, and the market is weak and inventories are large year-on-year

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The off-season of peanut market comes ahead of schedule.Christmascarolmegaways ™Prices may fall into bottom consolidation [market demand is weak, inventory is too large compared with previous years, and peanut prices may enter a phased bottom consolidation trend in the short term. According to the China Peanut Network, on May 13, after the May Day International Labour Day, the peanut market entered the demand off-season earlier than in previous years, and continued to show a weak market. As June approaches, according to industry practice, oil plants will gradually close and suspend acquisitions, coupled with poor sales this year, forcing some peanut products to be stored in cold storage. At present, the inventory of peanuts in the intermediate link has increased significantly compared with the same period in previous years, while the market demand is still weak. At the same time, affected by the domestic consumption environment and economic conditions, the market demand for peanuts shows no obvious signs of improvement. In addition, the increase in the acreage of new peanuts may also lead to an increase in supply in the future, further affecting the price trend. Industry insiders suggest that investors should be cautious about the long-term market, maintain a wait-and-see attitude, and make investment decisions in accordance with actual needs. In the current market environment, risk management and market forecasting are particularly important.