Groundnut prices remain stable amid limited trading
New Delhi. During the week of November 7–13, prices for groundnuts and groundnut oil remained stable, as trading activity was limited due to a lack of buyer interest following the conclusion of the festive season. Arrivals of groundnuts in the markets (mandis) of Gujarat were negligible.
Prices
Elsewhere, prices remained steady at Rs 8,300 per quintal in Bikaner (Rajasthan) and Rs 9,700 per quintal in Solapur (Maharashtra). In the three key markets of Uttar Pradesh—Jhansi, Mahoba, and Mauranipur—groundnut prices remained unchanged from previous levels.
Groundnut Kernels
A similar trend was observed for shelled groundnut kernels, with limited interest from oil millers and exporters.
Groundnut Oil
Trading in loose groundnut oil remained sluggish, resulting in minimal price fluctuations. In Rajkot, the price of a 15-kg tin of groundnut oil rose by Rs 10 to reach Rs 2,860. In Mumbai and Hyderabad, prices increased by Rs 20 per 10 kg.
Branded Oil
In Kota (Rajasthan), sales of branded groundnut oil were negligible, keeping prices stable. Similarly, in Jaipur and Newai, the price of filtered groundnut oil remained unchanged.
Groundnut DOC / Sowing
Conversely, there was robust trading in groundnut DOC (de-oiled cake), with prices increasing by Rs 1,000 to Rs 3,000 per tonne. In major producing states, the arrival of Kharif-season groundnuts is gaining momentum, while sowing for the Rabi-season crop is also progressing well in some areas.
