Groundnut procurement in Gujarat to begin from Nov 1
Commodity Online | October 18 2019
UPDATED 11:36:25 IST

Export of Edible Oils 2019 to 2020

Short-Term Risk Rising but Trend Remains Very Bullish

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

LME starts publishing off-warrant stocks data

Metals extend gains; oil prices trend higher despite increase in inventories

Gujarat government will begin the procurement of groundnut crop from November 1.

“We will begin procurement of groundnut at the Minimum Support Price (MSP) from Labh Panchami (or November 1),” Chief Minister Vijay Rupani said. The Business Line reported.

As per the latest government estimates, the groundnut output in the State is estimated at 32 lakh tonnes - nearly double that of last year.

Market prices have already slipped to Rs 4,000 and traded in the range of Rs 4,000-4,100 a quintal in Gujarat.