Peanut prices, Junan Jinyu Peanut Food Factory

On December 4, the Shandong Price Certification Center organized a review meeting for the "Junan Peanut Price Index". After collective review by the review expert group, it was unanimously agreed that the project passed the acceptance. As an industry weathervane, the "Junan Peanut Price Index" can provide a basis for government decision-making, build a benign government supervision system, and improve the level of supervision. Through price monitoring and early warning of the production, circulation, and consumption of Junan peanuts, we can accurately grasp the industry's changing trends, fluctuation patterns, and transmission mechanisms, so as to fully understand the market volume and price trends and give early warnings for abnormal market fluctuations, providing an important basis for the prevention and response strategies of governments at all levels.

The picture shows the review meeting of the "Junan Peanut Price Index". Photo: Wei Jingxin

The review meeting was chaired by Ma Guiying, deputy director of the Shandong Certification Center. Liu Guangqiang, deputy county-level cadre of the Linyi Development and Reform Commission, gave a detailed introduction to the price index. Wang Chengcheng, head of the Longzhong Information Index, introduced the technical plan for compiling the price index. Subsequently, the review expert group questioned the "Junan Peanut Price Index" plan and organized a closed-door review. The review concluded that the "Junan Peanut Price Index" compilation technical plan is reasonable, the index compilation method is standardized, the index sample selection is representative, and the data source is timely and accurate. After trial operation, the index can reflect the price level and change trend of Junan peanuts, and has a strong guiding significance for industrial development, farmers' income increase and market transactions. After the expert group's review, it was unanimously agreed that the project passed the acceptance. In addition, the expert group suggested: continuously improve the index compilation plan according to the characteristics of the industry and the market, improve the index compilation and release work mechanism, and further enhance the influence of the index.

The picture shows the review expert group questioning the "Junan Peanut Price Index" plan. Photo: Wei Jingxin

It is reported that Junan County is the largest high-quality peanut breeding base, commodity production base and export trade distribution center in the country. It has maintained the position of the top 100 counties in the country for oil and fruit production for many years. Establishing a sound peanut price monitoring and regulation mechanism is an important task for Junan and even Linyi City. The compilation of an authoritative and neutral peanut price index plays an important role in serving the reasonable formation of market prices and improving the ability of forecasting and early warning. As a geographical indication of agricultural products in Junan County, the production and processing process of Junan peanuts has received extensive attention from the local government. In recent years, Junan has solidly implemented the "Good Grain and Oil Action". According to the idea of "leading enterprises + industrial chain + industrial cluster", it has used the scale and technological advantages of four demonstration enterprises to strengthen industrial integration and upgrading. The county has formed a provincial peanut industry cluster led by leading enterprises such as Jinsheng, Yuhuang, Xingquan and Greenland. As the initiator of the Junan Peanut Price Index, the local government has provided a broad platform support for the successful compilation of the index. At present, the "Junan Peanut Price Index" reflects the price change level and fluctuation range of the oil rice purchasing market in Junan.

The compilation of the "Junan Peanut Price Index" comprehensively surveys the market situation of Junan peanuts and facilitates their promotion and expansion. Through the compilation of the index, we can understand the varieties and techniques of Junan peanut planting, which is convenient for better promotion and marketing; it is conducive to promoting the brand image of market players and enhancing brand awareness. The Junan Peanut Price Index is an effective way for the Junan peanut industry to move towards standardization. It can show the booming development of the Junan peanut industry to domestic relevant industry personnel and play a good "brand" effect.

In addition, the compilation of the "Junan Peanut Price Index" can better gain industry discourse power and improve market competitiveness and influence. The successful release of the Junan Peanut Price Index can enhance the participation, expression, initiative and dominance of Junan peanuts in the market price formation mechanism, and guide enterprises to fully and scientifically transform their raw material advantages, economic scale advantages, and business management advantages into market price discourse power advantages, thereby enhancing the market competitiveness of Junan peanuts at home and abroad and expanding its industry influence.

Since the trial operation of the "Junan Peanut Price Index", through comparison with the actual transaction price trend of oil-bearing rice of sample enterprises, the national average price trend of oil-bearing rice, the price trend of domestic first-class ordinary peanut oil, and the price trend of the main contract of peanut futures of Zhengzhou Commodity Exchange, the trend direction is basically consistent, the turning point time is basically consistent, and the peak-to-valley fluctuation range difference is basically stable. Its fluctuation characteristics can reflect the direction, trend and degree of change of Junan peanut levels in different periods.

Shandong Linyi: "Junan Peanut Price Index" successfully passed the review and acceptance of the expert group