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Gujarat: Groundnut Cultivation Expected In Record 19 Lakh Hectares; Seed Prices Rise 40% On Robust Demand

30 May 2020 2:53 pm
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Mumbai (Commodities Control) – With monsoon rains round the corner, Gujarat farmers are seen rushing for groundnut seeds.

Groundnut cultivation in the State is expected to jump by at least 20-25% to hit a record 19 lakh hectares, up from 15.52 lakh ha reported in 2019-20.

A record groundnut area would mean a sharp surge in seed demand. Apart from the State Seeds Corporation, farmers are also queuing up at the groundnut millers, who are finding groundnut seed selling a promising bet amid increased demand.

According to Gujarat State Seeds Corporation, the demand has been higher as farmers have switched over from cotton crop to groundnut this kharif season.

Agency has kept nearly double the stock from what was sold last year. They confirmed to have already surpassed the quantity sold last year and more demand coming up.

This has pushed up the groundnut seed prices in the market from ₹2,000 per 30 kg to ₹2,800 for different varieties. The State seed corporation, however, provides subsidy of ₹1,200 for each pack. An acre requires about 2-3 packets of seed for the sowing.

Going by the possible rise in the groundnut area, there will be a demand for about 2.37 lakh tonnes of groundnut seeds (as per the calculation of 4-5 packs of seed requirement per hectare), estimates suggest.

Saurashtra remains a heartland for groundnut cultivation with over 12.6 lakh hectares under groundnut cultivation — more than 80 per cent of the State’s total groundnut area.

During last year, groundnut yield has been much better and procurement by the government agencies like Nafed has been robust, which provided farmers remunerative prices at the Minimum Support Price (MSP) rates. The MSP for groundnut for 2019-20 was at ₹5,090 per quintal, whereas the MSP for cotton was kept at ₹5,550.

The market prices for groundnut hovered higher than the MSP for most of the season in the range of ₹5,250-6,495 in Rajkot. While cotton suffered from pink bollworm attack and reduced yield with its prices hovering in the range of ₹3,500-4,900.

Experts noted that improved water availability from last year’s good monsoon, and the Met Department’s prediction of timely, normal monsoon this year has brightened the prospects for groundnut cultivation.

(Commodities Control Bureau)

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