The supply and demand pattern of the peanut market has ushered in a substantial change

Mondo Finance Updated on 2024-01-29

The peanut market in 2022 and 2023 experienced an extreme reduction in production, while in 2023 and 2024 there was a recovery increase, resulting in a significant change in the supply and demand structure. After the new season of peanuts went on the market, the contract also exceeded 10% from the high, marking that the supply and demand pattern of the peanut market has ushered in a substantial change.

According to statistics, the peanut planting area in 2023 will be about 40528,000 hectares, an increase of about 12 percent year-on-year83%。Although the planting area has recovered, the demand has not kept up, resulting in the early stage of the "hard to find" peanut market towards a surplus situation.

In this context, peanuts and new season contracts are inevitable. However, this ** does not mean the end of the peanut market, but rather marks the transition of the peanut market to a more balanced supply and demand structure.

For peanut growers, it is necessary to look at market changes rationally and do a good job of risk management. On the one hand, hedging can be carried out through the market to avoid the risk of volatility;On the other hand, it is possible to improve the yield and quality of peanuts and increase profits by optimizing the planting structure and improving the planting technology.

For consumers, it may bring certain benefits. Peanuts** are likely to remain relatively low for some time to come, and consumers can enjoy more affordable peanut products.

In general, the supply and demand pattern of the peanut market has changed substantially, but this shift does not mean the end of the peanut market. Under the new supply and demand structure, all parties need to work together to promote the healthy development of the peanut market.

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