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The supply and demand of peanuts in the new season is expected to maintain a tight balance

by 玛丽

July 12th, according to the analysis of Huarong Rongda Futures, the Chunhua production area will start to scale in mid-August. Before the summer-sown peanuts are concentrated in October, the spot is in a period of inactivity. It is relatively low. Considering that the Mid-Autumn Festival and the National Day holiday are adjacent this year, the pace of stocking up in the early stage will be more concentrated. The tense state of buying and selling spring peanuts from August to September is likely to support farmers’ mentality of holding up prices and reluctance to sell at the initial stage of stocking. At that time, the spot side is expected to run stronger .

Whether the new season can enter the destocking cycle driven by the consumer side will focus on the peak season performance in the third quarter.

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In addition, the recent outbreak of armed conflict in Sudan has caused market concerns about the amount of imports available in the coming year. According to feedback from overseas traders, the war situation will continue for a period of time in the future, but peanuts are an important export crop for foreign exchange. At this stage, new crops are planted The impact of the impact is controllable. It is estimated that the area of Sudanese peanuts in the new season will decline by about 10-15%.

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