11-05-2021
  • Egypt In-shell 9/11 $1950.00
  • USA Runner 4050 $1400.00
  • Argentina Runner 6070 $1500.00
  • India Red seed $1570.00
  • India Java AP 5060 $1420.00
  • India Java TN 5060 $1430.00
  • India Java TN 8090 $1310.00
  • India Java KTK 8090 $1310.00
  • India Java AP 8090 $1300.00
  • China Blanched 4151 $1750.00
  • China Blanched 5161 $1700.00
  • Argentina Runner 4050 $1500.00
  • Argentina Runner 3842 $1550.00
  • Argentina Runner 4050 $1550.00
  • Senegal Java 8090 $1150.00
  • Sudan Java 8090 $1220.00
  • Nigeria Java 8090 $1100.00

Blog

Groundnut exports up 6% in fiscal 2021

Peanut Market News June 08, 2021

Groundnut exports up 6% in fiscal 2021

Ahmedabad: The export of groundnuts from the country rose by 6% to Rs 5,381 crore in fiscal 2020-21 as compared to Rs 5,096 crore in 2019-20 mainly on account of higher prices fetched by exporters, shows data compiled by Agriculture and Processed Food Products Export Development Authority (APEDA). Gujarat accounts for almost 70% of the groundnuts exported from India.

The groundnut exports from the state stood at Rs 3,505 crore during the period from April 2020 to February 2021. The exports, in value terms, was up 3% from Rs 3,405 crore during the same period last year. Gujarat’s total groundnut export for the entire fiscal 2019-20 was reported at Rs 3,600 crore.

The exporters received an average price of $ 1,139 per tonne for groundnuts in fiscal 2021 — which was 6% higher than $1,071 per tonne price fetched in 2019-20, the APEDA data further shows.

The exports, however, was down in volume terms with India exporting 6.38 lakh tonnes as compared to 6.64 lakh tonnes in the previous financial year.

As far as Gujarat is concerned, the groundnut exports in volume terms remained lower at 4.2 lakh tonne during April 2020 to February 2021 as compared to 4.5 lakh tonne during the same period last year, according to APEDA.

As far as Gujarat is concerned, the groundnut exports in volume terms remained lower at 4.2 lakh tonne during April 2020 to February 2021 as compared to 4.5 lakh tonne during the same period last year, according to APEDA.

There was record export of groundnut oil in fiscal 2021, given an unprecedented demand for groundnut oil. As a result, peanut exports remained low,” said Sameer Shah, president, Gujarat State Edible Oils and Oil Seeds Association.

The groundnut oil export from India is estimated to reach 2.25 lakh tonne in 2020-21 due to high demand from China. Gujarat accounts for almost 85% of India’s groundnut oil exports.

SOURCE: https://timesofindia.indiatimes.com/city/ahmedabad/groundnut-exports-up-6-in-fiscal-2021/articleshow/83325265.cms

Comments

No Comments Found!