Weekly Review-Peanuts

15-Mar-2025 09:04 PM

Some improvement in the price of peanuts due to limited purchase at lower levels

Key Highlights (March 8–14, 2025)

1. Peanut Prices Show Marginal Improvement

   • Despite record government purchases, prices remain below the Minimum Support Price (MSP).
   • Limited buying by millers and traders led to a ₹100–₹200 per quintal increase in some markets.

2. State-Wise Price Movements

   • Gujarat & Rajasthan (Key Producing States):

     • Stable prices in Gondal, Rajkot, Junagadh, Deesa (Gujarat) and Jodhpur, Bikaner, Jaipur, Merta (Rajasthan).
     • Solapur (Maharashtra): ₹100 increase to ₹7200 per quintal, exceeding MSP of ₹6783.

   • Uttar Pradesh:

     • Jhansi: ↑ ₹100 to ₹4400/4700 per quintal
     • Mauranipur: ↑ ₹200 to ₹4300/4600 per quintal
     • Mahoba: ↓ ₹100 to ₹4000/4600 per quintal

3. Market Arrivals (March 10–12)

   • Rajkot: 40,000 bags
   • Gondal: 8,000 bags
   • Jhansi: 10,000 bags
   • Mahoba: 9,000 bags
   • Mauranipur: 4,000 bags

4. Groundnut Seeds Price Movements

   • Bikaner (60/70 count): ↓ ₹100 to ₹7400 per quintal
   • Solapur (90/100 count): ↑ ₹600 to ₹9300 per quintal
   • Nagpur:
     • 60/70 count: ↑ ₹300 to ₹10,100 per quintal
     • 50/60 count: ↓ ₹200

5. Groundnut Oil Prices Decline

   • Weak demand led to softening prices despite stable supply.
   • Good availability of imported edible oils kept the market steady.
   • No major fluctuations in branded & filtered oil prices.
   • Limited trading activity observed.

Market Outlook

• Short-term: Prices may remain stable to slightly positive as limited buying supports the market.
• Mid-term: Prices will depend on demand from crushing mills, export trends, and government procurement strategy.
• Groundnut Oil: Prices could stay under pressure due to weak demand and ample supply.