Trends of International Peanut Oil Prices

There are several major consumer markets in the global peanut oil market: Europe, America, Asia. Middle East and Africa and other major consumer markets. The market demand for peanut oil increases with the development of the world economy.

The share of peanut oil in the international vegetable oil is increasing. Due to the price fluctuation, the price of peanut oil in my country also shows a strong fluctuation trend. In order to understand the global peanut oil market and the price change trend of my country’s peanut oil. This paper summarizes and analyzes the domestic peanut oil market and the international peanut oil price change trend. This issue mainly elaborates on the reasons for the price changes of peanut oil at home and abroad.

1. International peanut oil trade situation

Most importing countries of peanut oil in the world are the United States, Canada, Argentina, Australia and Brazil. The main importing countries are the United States, Canada and Argentina, accounting for about 90% of the total importing countries. The main importing countries are Brazil, Argentina and Canada; exporting regions are Europe, America, Asia and Africa.

The fluctuation of international peanut oil price is mainly affected by factors such as the production price formation mechanism among countries and the supply and demand relationship in the international market. And the price change of the global peanut oil market is also restricted by the supply and demand relationship of various countries. There are obvious price differences between major markets in different countries, mainly manifested in the differences in price levels caused by the large differences in processing capacity and consumption levels among countries. Such as India, Brazil, Argentina, and Indonesia. The price difference is large.

It has the obvious price differences in main markets among different countries; trade competition among major countries is relatively fierce; emerging market countries. Especially developing countries, mainly rely on agricultural industrialization to drive the development of peanut oil industry. For example, the United States has vigorously developed agricultural industry since the 1980s The increased value-added of peanut oil has been gradually increased through the specialized operation. However, due to the different planting levels in other countries. There are great differences in peanut oil products and uneven distribution of resources.

2. Domestic and foreign peanut oil price fluctuation trends

From 2020 to 2021, the global peanut oil market will fluctuate, and generally fluctuate. The spot market price of peanut oil in the world fluctuates, while the futures of peanut oil reflect the relatively stable and basic trend of domestic and foreign peanut oil market prices. Among them, from April 2019 to April 2010 There was a significant price difference between peanut oil futures and the spot price. And the price difference continued to widen. Therefore, it can be seen that there is a close connection between peanut oil futures and the spot market.

3. Summary

As one of the three main edible vegetable oils in the world, peanut has high edible value. And the production and consumption of peanut oil are increasing year by year. Since peanut oil is a non-GMO variety, its price is greatly affected by planting costs and domestic peanut oil production costs.