Live Spot Prices
Copper ( MCX ) 465 | Lead ( MCX ) 167.25 | Castor Seed ( MCX ) 4040 | Gold ( MCX ) 25200 | Turmeric ( NCDEX ) 7288 | Barley ( NCDEX ) 1481 | Jeera ( NCDEX ) 15725
 
NAFED to procure additional 1 lakh tonnes Groundnut from Gujarat
Commodity Online | February 14 2018
UPDATED 15:29:26 IST

India's Crude Oil production declines in April

Govt permits re-exporters to import Black Pepper

Commodities Outlook: Metals extend on warming US-China trade talks, Oil rallies to fresh highs

Rising Crude Oil may stretch CAD to 2.5% of GDP in FY19: report

Basmati acreage likely to increase as farmers earn high remuneration

Centre has directed the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) to procure additional 1 lakh tonnes of the Groundnut from the Gujarat at the minimum support price (MSP) of Rs 4,500 per quintal.

NAFED has already procured around 8 lakh tonnes of Groundnut in the ongoing season.

Initially, the Centre had asked NAFED to procure 4 lakh tonnes of Groundnut in 90 days. However, after a request by the Gujarat government, the Centre increased the procurement quota to 8 lakh tonnes. As of February 9, NAFED had procured 8.08 lakh tonnes of Groundnut, worth over Rs 3,636 crore.

Out of the 8 lakh tonnes, around 6.30 lakh tonnes or roughly 78 percent was procured from farmers of Saurashtra, which accounts for the majority of production of Groundnut in the state.

According to the government estimates, the Groundnut production in the state will remain around 32 lakh tonnes. Though the area under Groundnut cultivation has increased marginally, an overall good monsoon helped farmers to harvest a bumper crop.

 

Commodity Arrivals Rate
Mustard Oil NR 9500.00
Coconut Oil 1 20000.00
Arecanut NR 18250.00
Sugar NR 3900.00

More

×