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. Rajasthan – Bikaner, Chittorgarh, Hanumangarh, Jaipur, Jodhpur, Tonk
  3. Andhra Pradesh – Kurnool, Adoni, Kurnool, Chittor, Anantapur
  4. Maharashtra – Dhule, Vashim, Nagpur, Amarawati, Buldhana, Hingoli
  5. Tamil Nadu – Cuddalore, Villupuram, Erode, Salem
  6. Karnataka – Belgaum, Bidar, Dharwad, Haveri

Production trend and Stock position:

  • As per the Ministry of Agriculture fourth advance estimate released on August 11, 2021, groundnut – Kharif production for FY 2020-21 was 85.56 lakh metric tonne (LMT) compared to FY 2019-20 which was 83.89 LMT, up by 1.99 percent
  • As per the Government of Gujarat (Directorate of Agriculture) first advance estimate released, groundnut – Kharif production for FY 2021-21 was 39.94 lakh metric tonne (LMT) compared to FY 2020-21 which was 39.86 LMT, up by 0.19 percent
  • For FY 2021-22 India exported 49,935.26 MT of groundnut valued at ₹ 482.32 according to Directorate General of Commercial Intelligence and Statistics (DGCIS)
  • As per the Government of Rajasthan (Department of Agriculture) as on September 2, 2021, area sowing was at 7.60 lh as compared to the corresponding period that was 7.28 lh, up by 4.33 percent
  • According to Ministry of Agriculture, the sowing acreage of groundnut as on September 10, 2021 was 48.98 lakh hectares (lh) down by 3.79 percent compared to 50.91 lh during the corresponding period
  • As per the Government of Gujarat (Directorate of Agriculture) as on September 13, 2021, progressive area sowing was at 19.09 lh as compared to area of Kharif 2020 was 20.65 lh, down by 7.54 percent

Monsoon Update

For the country as a whole, cumulative rainfall during this year’s monsoon season till September 8, 2021 is below Long Period Average (LPA) by 7 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 5.21 percent to ₹ 5,550 per quintal for marketing year (MY) 2021-22 compared to ₹ 5,275 in 2020-21 to ensure remunerative prices to the farmers
  • Prices of Groundnut would be bullish in immediate / short term due to firm domestic consumption demand and tight domestic supply, erratic monsoon in Gujarat and other key growing areas and lower acreage
  • Overall groundnut prices have been trading above MSP however the prices will come down after new season crop arrival

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