The year before last was a high price, but last year was a low price. This year, the planting area has been reduced and the drought has occurred. Will the peanut price go up this year?
Cao Zhi, director of the market information department of the State Grain and oil information center, said that the oil price of China's vegetable oil is determined by soybean oil. At present, the international vegetable oil market is still in a state of oversupply, and the oil price in the international market does not have the basis to rise without a significant reduction in the production of oil crops such as soybean oil. Due to the layout of South waterlogging and north drought in peanut planting area this year, with the decrease of yield, the pattern of high opening and low going may appear.
