Datetime: 2025-07-22 00:55:10 Visit: 5219
Global peanut oil prices continue to rise, and the imbalance between supply and demand intensifies from June to July
Affected by extreme climate and supply chain fluctuations, global peanut oil prices continued to rise from June to July 2025, and many countries faced supply pressure. According to the latest data from the International Grain and Oil Organization (IGO), the average price of global peanut oil rose by 18% year-on-year in June, and the price rose further by 5% in the first two weeks of July, reaching a new high since 2023.
Production in major producing countries declined and exports tightened
As one of the world's largest peanut oil exporters, Argentina's June production report showed that drought caused a 12% reduction in peanut planting area and a 15% year-on-year decrease in exports. At the same time, due to rising logistics costs, the export delivery delay rate of Senegal and Nigeria, the main producers in West Africa, was as high as 20% in June, further pushing up the landed prices in the European and Asian markets.
Demand in Asia surges, inventory pressure
As the main consumers, India and China's imports increased by 9% and 7% respectively in June. The Indian Edible Oils Association (SEA) pointed out that the country's peanut oil inventory cycle had shortened to 25 days (below the safety inventory line of 30 days) in early July, and some retailers began to limit purchases. According to Chinese customs data, the price of peanut oil at the port in June rose by 22% year-on-year, and some small and medium-sized grain and oil companies turned to palm oil as a substitute.
Futures market volatility intensified
The price of Chicago Mercantile Exchange (CBOT) peanut oil futures July contract jumped 8% from June, and the proportion of speculative buying rose to 40%. Analysts warned that if the North American peanut growing areas continue to be hot in August, the price may break through the $1,800 per ton mark.
Industry calls for policy intervention
The International Food Policy Research Institute (IFPRI) July report recommends that countries should establish emergency reserves and coordinate export quotas to alleviate short-term shortages. The European Union has planned to hold a food and oil security meeting at the end of July to discuss temporary measures such as reducing import tariffs.
