Groundnut Production Soars in Kutch (India), Prices Remain Strong
Farmers See Promising Groundnut Crop in Kutch
Farmers in Kutch India expect a 70% increase in groundnut production compared to last year. The condition of the crop looks favorable, and with minimal rain chances ahead, groundnut quality should improve. In key areas like Bhadhaun, Anjar, Pun, and Nakhaga, farmers anticipate strong yields. This year, Mandvi saw heavy rains, which harmed crops. However, in areas outside Mandvi, groundnut production looks promising. As harvesting continues, new groundnut production currently stands between 1,500 and 2,000 kg per hectare, with projections of it rising to 5,000 kg soon.Gujarat Groundnut Production Estimates Lowered
Shailesh Nathwani estimates production in Gujarat will reach between 3.5 to 4 million tonnes, significantly lower than government projections. Factors like poor soil conditions and excess rainfall contributed to these lower yields. In Rajasthan, where production ranges between 2 to 2.5 million tonnes, Uttar Pradesh and Madhya Pradesh expect yields of around 1.8 to 2 million tonnes combined.Uttar Pradesh Groundnut Production Improves
Farmers in Uttar Pradesh anticipate a better harvest this year, thanks to recent rains. Aman Aggarwal predicts groundnut production in the state will surpass last year’s results. Prices for high-quality groundnuts range from USD 0,76 to 0,91 per kg.Conclusion: Groundnut Prices Remain Firm Despite New Arrivals
As new arrivals hit the market, the groundnut price remains firm at USD 1,20 per kg. The government’s role in buying groundnuts at support prices will influence whether farmers can secure higher prices in the coming months.Click here to reach our trading platfrom CMBroker