Weekly Review-Peanuts

22-Mar-2025 08:06 PM

Peanut prices soften in Uttar Pradesh due to weak demand


Peanut Prices Decline in Uttar Pradesh Amid Weak Demand

  • Despite an average daily arrival of 18,200 bags in Rajkot, Gujarat (a key producing state), prices remained stable.

  • Gondal: Prices remained unchanged despite falling supply.

  • Uttar Pradesh (Jhansi, Mahoba, Mauranipur): Prices declined by ₹100-200 per quintal, further dropping below the MSP of ₹6,783 per quintal.

  • Bikaner, Rajasthan: Prices rose by ₹300, reaching ₹5,200-5,300 per quintal.

Shelled Peanut Market

  • Jalgaon: Prices of various counts dropped by ₹100 per quintal.

  • Bikaner (50/60 count): Increased by ₹600, reaching ₹7,700 per quintal.

  • Jalgaon (Export quality 80/90 count): Fell by ₹100, now at ₹9,600-9,700 per quintal.

Groundnut Oil Trends

  • Loose groundnut oil prices remained stable or declined by ₹2 per kg, due to weak demand amid softer other edible oil prices.

  • Prices dropped by:

    • ₹20 per 10 kg in Ahmedabad, Newai/Tonk, Bikaner, and Chennai.

    • ₹50 per 15 kg tin for branded groundnut oil.

    • ₹40-50 per 10 kg for filtered groundnut oil.

Groundnut Oil Cake (DOC) Market

  • Limited trading activity, with no major price changes due to weak domestic demand.

Outlook

Peanut prices are likely to remain under pressure, especially in Uttar Pradesh, unless demand improves. However, stable prices in Gujarat and gains in Rajasthan suggest regional variations based on supply and demand dynamics.

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