Peanuts are an important cash crop in China and one of the important commodities in the international and domestic grain and oil markets.

Shandong Province is China's most important peanut production area and export base for foreign exchange earnings. Its planting area, total output, and export earnings account for about 25%, 35%, and 70% of the country's total, respectively, ranking first in the country.

Weihai City, located at the eastern end of the Jiaodong Peninsula, is an important peanut production area in the country and one of the traditional export bases of Shandong peanuts. Since the 1990s, the peanut planting area in Weihai has stabilized at around 1.05 million acres. , the normal annual output is 250,000-270,000 tons. According to the survey, the average production cost of peanuts from 1993 to 2002 was 211.17 yuan per mu, with a net income of about 320 yuan. The income of smaller wheat acres increased by about 130 yuan. Changes in peanut income mainly depend on output and price. In normal years, peanut income is higher than food crops. Taking Weihai as an example, the net income from peanuts per mu in 2003 was generally 420-430 yuan. Judging from the price changes in the peanut market in Weihai in recent years, affected by factors such as export obstruction and the downturn of peanut oil, starting from the second half of 1997, the price of peanuts in the Weihai market continued to be depressed, transactions were not prosperous, and there was almost no market for a long time. Awkward situation. Looking back on the first half of 1996-1997, Weihai peanut market prices continued to rise. In early 1997, peanut prices soared, and the price of export-graded white sand kernels once climbed to 7,400 yuan/ton. This price was also the highest ever recorded in the Weihai peanut market. Highest price point. In 2003, transactions in the domestic peanut oil market were unprecedentedly active, and market prices continued to rise. Especially after October, market prices across the country generally hit the highest peak in the past decade. With the shortage of peanut kernel stocks in various places and the increase in raw materials required for peanut products, the peanut market sales situation is very promising. Since the new peanut market, market prices have increased significantly, surprising farmers everywhere.

The entire domestic peanut market in 2003 can be described as: booming across the board and stabilizing at a high level. The main reasons for the sharp rebound in peanut market prices are: First, the rapid rise in peanut market prices is closely related to the increase in domestic demand. Due to the extremely strong demand in the oil and fat market in October, oil and fat processing companies are generally in a tight situation of raw materials. In particular, as the oil product market of some well-known companies continues to expand, peanut raw materials appear to be in tension. Many companies from other places, especially in the south, go to production areas to purchase peanuts, and the competition between oil processing companies and peanut export companies in the supply of peanuts is even more intense. aggravated the situation. The rise in soybean prices has also led to a rise in peanut prices. From Weihai and other major peanut producing areas in 2004, we learned that although the peanut market still maintains a steady and slightly rising trend, there is not much room for market prices to rise. Relevant departments pointed out that although the export price of peanuts still has certain advantages, it should also be noted that competition in the international peanut market is becoming increasingly fierce. In particular, China currently has very few dedicated varieties of peanuts for export, and there are still problems such as mixed varieties and pollution from chemical fertilizers and pesticides. , foreign merchants are becoming more and more picky about my country’s peanut export standards. Affected by firm prices and improved comparative benefits, the domestic peanut planting area will increase significantly in 2004, with an expected growth rate of around 13%. Among them, the peanut planting area in Shandong Province, the main peanut producing area, has increased year by year in 2004, with an increase of 5.71%. About %, while the peanut planting area in Henan Province, another major peanut producing area, continued to maintain a high level since 2000 in 2004, with a planting area of ??14.65 million acres, an increase of 0.93% over the previous year. The planting area in Liaoning increased by about 2.26%. %about.

It can be seen that the domestic peanut industry is developing towards a good momentum. Based on the current domestic peanut market analysis and prediction, the possibility of domestic peanut prices falling sharply in the first half of 2004 should not be too great.