Despite 10% reduction in sowing of groundnut in Saurashtra, the crop is estimated to be the same as last year. In the current year in Saurashtra, due to pre-monsoon ie advance sowing of 35%, the arrival of new groundnut will start after September 20. Daily 10 to 20 thousand bags are expected to arrive after September 20 and one lakh bags daily after October 1. In Saurashtra in the last 5 years many groundnut manufacturing units have been developed, at present 500 to 550 units are there in both the cities, Junagadh and Keshod. 1200 units of groundnut granule are working in all over Gujarat.
10 to 15% reduction in sowing of groundnut in North Gujarat, good crop condition. The arrival of new groundnut of TJ variety of Surendranagar Halvad area will start from 10th September. Groundnut sowing reduced by 20% due to heavy rainfall at the beginning of the season in Kutch.
Due to good rainfall conditions in North Gujarat at present there will be no hindrance to the groundnut crop, yet the next 15 days are important for the groundnut crop.
According to traders, the quality of groundnut is expected to be good in the current year due to good rainfall conditions. The price of groundnut was $0,70 to 0,77 per kg last year. In the current year also, the price of groundnut is expected to open from $0,71 to 0,78 per kg in domestic markets.
There is less possibility of a slow trend in the price of groundnut till the arrival of new crop arrives in 15,38good quantity in the markets.
The Peanuts bold 40-50 prices were Recorded at $1,35 per kg FOB