Groundnut Price in China Edges Up to USD 1,192/tonne
Groundnut prices in China closed the week higher while remaining lower over the month and quarter, as domestic supply and policy news shaped the market.
Groundnut in China was quoted at USD 1,192/tonne as of 2026-09-30, up 1.3% on the week from USD 1,177/tonne on 2026-09-18. The price is down 0.6% over the month from USD 1,199/tonne on 2026-08-28 and down 4.7% over the quarter from USD 1,251/tonne on 2026-07-02.
On the year, the price is up 9.3% from USD 1,091/tonne on 2025-09-30. The 52-week high stands at USD 1,251/tonne, set on 2026-07-02, and the 52-week low at USD 1,082/tonne on 2025-10-09.
According to TINTIN on 2026-09-20, China's 2026 national peanut output is estimated to fall roughly 6% year-on-year due to reduced planting area and adverse weather conditions. MySheen reported on 2026-09-25 that major oil factories in China have increased purchase prices for peanut raw materials, strengthening market confidence and farmer reluctance to sell. The same source noted that rising soybean oil and palm oil prices have increased the potential for peanut oil price appreciation, supporting higher raw material costs.
On 2026-09-30, Vespertool reported that a trade agreement between the US and China may lead to the cancellation of an additional 10% tax on US peanut imports effective October 1.