Weekly Review - Peanuts (January 4-10, 2025)

13-Jan-2025 11:18 AM

Weekly Review - Peanuts (January 4-10, 2025)

Fluctuation in peanuts due to normal arrival and limited business

There has been a normal arrival of both new and old peanuts across key peanut-producing states like Gujarat, Rajasthan, Uttar Pradesh, Karnataka, and Maharashtra. However, the market saw some price fluctuations due to limited demand from traders and crushers/processors. Despite the fluctuations, wholesale prices remained well below the government support price of Rs 6,783 per quintal.

Arrivals

Gondal, Gujarat: 24,000 bags (Jan 6)

Rajkot: 10,000 bags

Junagadh: 5,000 bags

Jhansi, Uttar Pradesh: 22,500 bags

Mahoba, Uttar Pradesh: 7,500 bags

Mauranipur: 10,000-15,000 bags daily

Price Trends

Junagadh, Jaipur, Solapur: Prices softened by Rs 200 per quintal.

Mauranipur: Prices improved by Rs 100 per quintal.

Groundnut Seeds

Prices of shelled groundnut seeds rose by Rs 300 to Rs 800 per quintal, driven by good demand.

However, the price of 60/70 count groundnut seeds in Solapur dropped by Rs 700, bringing it to Rs 9,200 (+ GST) per quintal.

Groundnut Oil

Loose peanut oil: Prices decreased by Rs 10 to Rs 50 per 10 kg due to weak demand.

Branded oil: Prices remained stable.

Filtered oil: Prices softened by Rs 3 to Rs 5 per liter.

Groundnut oil cake: Prices remained stable due to limited business.

This week’s market activity reflects steady arrivals with some price volatility, largely attributed to the limited business from key demand sectors.