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The Gujarat government has commenced groundnut procurement for the current kharif season at the minimum support price (MSP) levels.
The procurement will happen through 155 procurement centres across the State. All the registered farmers will be able to sell up to 25 quintals of their produce at the MSP. The Centre has fixed the MSP for the oilseed at ₹5,550 per quintal for the 2021-22 season.
The current market price of groundnut hovered in the range of ₹4,855-5,500 per quintal at Saurashtra’s markets.
“The State government has made the arrangements to make the immediate payment to the farmers who sell their crop at the MSP. This will bring transparency and credibility in the process,” said Raghavji Patel, Gujarat’s Agriculture minister.
On Tuesday, Patel launched the State-wide procurement drive from Jamnagar district.
Notably, trade bodies have estimated Gujarat’s groundnut crop at 38.55 lakh tonnes (lt) for the year 2021-22 up by 8.74 per cent from 35.45 lt recorded in the previous year. The average yield per hectare is expected to be sharply higher at 2,020 kg/ha against 1,715 kg last year on better and timely rainfall.
As per the State government’s first advanced estimate, groundnut output for the State is likely to be at 39.94 lt for 2021-22 against 39.86 lt in the previous year.
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