Commodity Outlook – Groundnut

Sowing period: May to June
Harvesting period: October
Crop season: Kharif

Sowing period: October to January
Harvesting period: April
Crop season: Rabi

Key growing regions:

  1. Gujarat – Rajkot, Banaskanth, Sabarkantha, Junagarh, Bhavnagar, Amreli
  2. Andhra Pradesh – Kurnool, Adoni, Kurnool, Chittor, Anantapur
  3. Maharashtra – Dhule, Vashim, Nagpur, Amarawati, Buldhana, Hingoli
  4. Tamil Nadu – Cuddalore, Villupuram, Erode, Salem
  5. Karnataka – Belgaum, Bidar, Dharwad, Haveri

Production trend and Stock position:

  • As per the Ministry of Agriculture second advance estimate released on February 24, 2021, Groundnut – Kharif production for FY 2020-21 was 85.90 lakh metric tonne (LMT) compared to FY 2019-20 which was 83.89 LMT, up by 2.40 percent
  • As per the Directorate of Agriculture (Government of Gujarat) as on May 3, 2021, sowing was at 59,595 hectares (ha) as compared to last three year’s average of 46,839 ha, up by 27.23 percent
  • For FY 2020-21 (April to January) India exported 5.42 LMT of Groundnut valued at Rs. 4,507 crores whereas it imported 1,036.14 MT valued at Rs. 7.97 crores according to Directorate General of Commercial Intelligence and Statistics (DGCIS)

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s pre-monsoon season till May 5, 2021 is below Long Period Average (LPA) by 29 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:

Market commentary: Price outlook

  • The Government had increased the MSP of Groundnut by 3.63 percent to ₹ 5,257 per quintal for marketing year (MY) 2020-21 compared to ₹ 5,090 in 2019-20 to ensure remunerative prices to the farmers
  • Prices of Groundnut would trade in a range-bound movement with firm bias ] in immediate/short term as they are currently trading above MSP from its recent volatile uptrend due to good overseas demand, especially from China for Groundnut seed and Groundnut oil

More Articles for You

Commodity Outlook – Soybean

Sowing period: June to JulyHarvesting period: October to NovemberCrop season: Kharif Key growing regions: Madhya Pradesh – Sehore, Raisen, Bhopal, …

एग्रीबाज़ार का संपूर्ण अपग्रेड

जैसा कि हमने कृषि क्षेत्र में अपने अस्तित्व के 5वें वर्ष में प्रवेश किया, हम एग्रीबाज़ार में अपने उपयोगकर्ताओं को …

Commodity Outlook – Mustard Seed

Sowing period: October to DecemberHarvesting period: February to AprilCrop season: Rabi Key growing regions: Rajasthan – Ganganagar, Alwar, Tonk, Baran …

App-solute Upgrade of Agribazaar!

As we entered the 5th year of our existence in the agritech sector, we at Agribazaar wanted to provide our …

Commodity Outlook – Maize

Sowing period: June to JulyHarvesting period: DecemberCrop season: Kharif Sowing period: October to DecemberHarvesting period: April to JuneCrop season: Rabi …

फसलों को स्वस्थ रखने के सरल तरीके

सोयाबीन | मूँगफली सोयाबीन एक छोटे दिन का पौधा है, जिसे इष्टतम उत्पादन के लिए गर्म मौसम की आवश्यकता होती …

WhatsApp Connect With Us