Mixed Trend in Groundnuts Amidst Good Arrivals and Steady Trading
New Delhi. The arrival of new Kharif-season groundnut stocks has begun to gain momentum in states like Gujarat, Uttar Pradesh, Rajasthan, and Maharashtra, while trading activity remains steady.
Groundnut
In the Rajkot market of Gujarat, groundnut arrivals increased, reaching 40,000 bags by October 28. On the same day, the Jhansi market in Uttar Pradesh recorded an arrival of 47,500 bags. In Mahoba, 11,000 bags of groundnuts arrived on October 29. New groundnut stocks are also arriving in Mauranipur.
Prices
Regarding prices, during the week of October 24–30, groundnut prices in Rajkot remained stable at ₹6,000–₹10,000 per quintal. In Bikaner (Rajasthan), prices rose by ₹300 to reach ₹8,300 per quintal, while in Jhansi (Uttar Pradesh), they climbed by ₹500 to reach ₹6,000–₹7,500 per quintal. Conversely, prices in Solapur (Maharashtra) fell by ₹200 to ₹9,600 per quintal, and in Mahoba (Uttar Pradesh), they dropped by ₹700 to ₹6,500–₹6,800 per quintal. Mauranipur also saw a softening in prices by ₹50.
Shelled Groundnut Kernels
Driven by demand from millers and exporters, the price of shelled groundnut kernels (kernels without shells) increased by ₹100–₹200 per quintal in Bikaner. Nagpur also witnessed a significant surge of ₹700 per quintal, whereas in Solapur, prices softened by ₹100–₹300 per quintal.
Groundnut Oil / Branded Oil
The price of loose groundnut oil remained either stable or softened, with trading activity appearing weak at higher price levels. A similar trend was observed for branded and filtered groundnut oil. Groundnut arrivals are expected to increase further.
