Limited Demand, Stable Oil Prices Keep Groundnut Market Flat

Limited Demand, Stable Oil Prices Keep Groundnut Market Flat

The groundnut market showed stability today after trade resumed after a week-long closure. Upon reopening, the Rajkot and Gondal mandis saw good arrivals.

Traders attribute stable prices to a steady trend in edible oil prices and limited demand. They expect prices to increase only with a revival of export trade or a rise in local demand.

With rising temperatures, traders anticipate increased supply from farmers. Additionally, summer groundnut sowing in the state has reached 51,891 hectares as of April 1st, marking a 9% increase from the same period last year.

*Today's Arrivals and Prices:*

*Gondal Market:*

* Arrivals: 11,215 sacks (35kg each)
* Average Quality: ₹1131-1251 per 20kg
* Best Quality: ₹1181-1341 per 20kg

* *Rajkot Market:*

* Arrivals: 15,000 sacks
* Average Quality: ₹1080-1240 per 20kg
* Best Quality: ₹1100-1309 per 20kg

* *Saurashtra:*

* Total Arrivals: Approximately 30,000 sacks