Gujarat’s Groundnut exports may fall to lowest since 2013-14: SOMA

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NCDEX TipsGroundnut exports from Gujarat - the largest producer and exporter of the commodity – is expected to fall to 2.5 lakh tonnes in 2018-19, the lowest since 2013-14, industry body Saurashtra Oil Millers Association (SOMA) said.

Groundnut exports from Gujarat were 1.79 lakh tonnes, worth Rs 1,224 crore, in April to November of the 2018-19 fiscal, says the Agricultural and Processed Food Products Export Development Authority (APEDA), citing data from the Directorate General of Commercial Intelligence and Statistics (DGCIS).

Gujarat’s groundnut exports were at 3.22 lakh tonnes (valued at Rs 2,115 crore) in 2017-18. The reduced exports from Gujarat are expected to lower India’s overall groundnut exports in 2018-19 too. The first eight months of the current fiscal saw groundnut exports from the country stand at 3.10 lakh tonnes, against 5.04 lakh tonnes in all of 2017-18.

The Solvent Extractors’ Association of India (SEA) pegged the Kharif groundnut production in Gujarat at 15.95 lakh tonnes in 2018-19, almost half the 31.45 lakh tonnes produced in 2017-18.

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