New Delhi. Expectations of a bumper harvest have led to a robust arrival of Kharif peanuts in major markets in other states, including top-producing states like Gujarat and Rajasthan. However, instead of putting pressure on prices, prices are seeing a significant increase. This indicates good buying and selling in the peanut market. Furthermore, the supply of low-moisture and high-quality produce is now increasing.

During the week of November 8-14, peanut prices in Gondal, Gujarat, reached 35,000-40,000 bags daily and in Rajkot, 50,000-55,000 bags daily. However, prices improved by ₹125 to ₹5,000/6,500 per quintal in Gondal and ₹250 to ₹4,000/6,250 per quintal in Rajkot.

While limited trading in Bikaner, Rajasthan, resulted in a steady price of ₹5,200 per quintal, the price in Solapur, Maharashtra, rose by ₹400 to ₹6,800 per quintal.

The biggest increase in peanut prices was recorded in Mahoba, Uttar Pradesh, where prices jumped by ₹800 to ₹4,800/5,600 per quintal. In Jhansi, prices improved by ₹100 to ₹4,700/5,000 per quintal, while in Mauranipur, prices remained stable at ₹4,500/5,400 per quintal. Both markets received good arrivals.

However, weak trading in shelled peanut seeds led to a drop of ₹500 per quintal in Bikaner. However, strong demand from millers and exporters in Solapur and Nagpur, Maharashtra, kept prices firm.

Loose peanut oil prices increased significantly due to higher peanut prices. In Rajkot, Gondal, Junagadh, and Jamnagar, Gujarat, prices rose by ₹65 to ₹1,450 per 10 kg. Similarly, in Rajkot, the price of a 15 kg tin of oil increased by ₹130 to ₹2,390. Other centers also saw increases of ₹100 per kg. Prices of branded and filtered oil also improved.