Login ID:
Partner Login
Contact Us : 7066511911

Groundnut Prices Surge in Gujarat Amid Local Demand

9 Dec 2023 6:16 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Ahmedabad, December 9 (CommoditiesControl): The groundnut market witnessed a robust surge today in Saurashtra, as local demand drove prices up by Rs 10-15 per 20 kg. While significant market movements are not immediately apparent, traders are cautiously optimistic about a gradual market recovery.

In Uttar Pradesh, a notable improvement of Rs 150-200 per quintal has been observed, with traders speculating the possibility of further price hikes.

Today, around 25,000-30,000 sacks, each weighing 35 kg, arrived in Saurashtra, while Gondal Mandi saw the arrival of around 14,000-15,000 bags. The average quality groundnuts quoted at Rs 1291-1465 per 20 kg, with the best quality commanding prices ranging from Rs 1301-1481 per 20 kg. Danabar quality groundnuts quoted at Rs 1170-1450 per 20 kg.

In Rajkot, no new arrivals were reported today, but trading of the 13,000 pending bags took place. The average quality groundnuts quoted at Rs 1110-1328 per 20 kg, while the best quality groundnuts fetched prices ranging from Rs 1150-1448 per 20 kg.

Moving to North Gujarat, Deesa Mandi recorded prices of Rs 1400-1601 per 20 kg against the arrival of 5460 bags. Panthawada reported prices at Rs 1250-1500 per 20 kg, with 3300 bags arriving. Palanpur Mandi saw the arrival of 2711 bags, and prices ranged from Rs 1170-1562 per 20 kg.

In Uttar Pradesh, against the arrival of approximately 10,000-12,000 sacks of groundnuts, prices stood at Rs 5600-6000 per 100 kg.

The groundnut market's recent strength is attributed to heightened local demand.

(By CommoditiesControl Bureau; +91-9820130172)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
India 2024 Summer Sowing Oilseed As On 1st Mar 2024
Mustard, oil prices rise, cake extends fall
DCE Oil Complex Mid Day Closing 1 Mar 2024
Indian Soybean Arrivals Decline Due to Falling Plant R...
SPPOMA South Peninsular Mills palm oil performance 1-29...
Top 5 News
Market Wise Urad Arrivals: Supply Up By 5.6% Against Pr...
Market Wise Tur Arrivals: Supply Down By -1.07% Against...
Market Wise Moong Arrivals: Supply Up By 32.61% Against...
Market Wise Masur Arrivals: Supply Down By -19.5% Again...
Market Wise Chana Arrivals: Supply Down By -9.93% Again...
Top 5 Special Reports
US soybean net sales for Feb 16-22 at 159,700 MT, up no...
US cotton net export sales for Feb 16-22 at 40,000 RB, ...
Black Matpe (Urad) SQ Burma (CNF$) Inflection Point: ...
Rice Bran Refined Oil (Ludhiana) Trending Lower / Nex...
Lentil (Masoor) Indore MP Correction Underway / Next ...
Copyright © CC Commodity Info Services LLP. All rights reserved.