Live Spot Prices
Silver ( MCX ) 38666 | Pepper ( MCX ) 38650 | Crude Oil ( MCX ) 4563 | Menthol Oil ( MCX ) 1710 | Wheat ( NCDEX ) 1989 | Cotton Seed ( NCDEX ) 1751 | Jeera ( NCDEX ) 19080
 
NAFED to procure additional 1 lakh tonnes Groundnut from Gujarat
Commodity Online | February 14 2018
UPDATED 15:29:26 IST

Govt to introduce new life into old Cashew plantations to increase yield

Rupee depreciation may boost agri exports

FIMI appoints Sunil Duggal as President

Rubber futures to trade on Multi Commodity Exchange

India's Vegetable Oils import down 27% in July

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 9630.00
Arecanut 52.5 4500.00
Sugar NR 3500.00
Gur NR 3350.00

More

×