Breaking News

You are here » Indian-Commodity  :  Commodities  :  Groundnut  :  Groundnut Oil Crosses Rs 1500 Each Tin

10-Jun2011

Groundnut Oil Crosses Rs 1500 Each Tin

Even as the groundnut output has stayed strong in kharif and summertime this season, the oil millers in Gujarat are sobbing bad on the decreased accessibility to groundnut regarding crushing. The scenario has jacked upward groundnut oil rates to float above Rs 1,500 each tin of 15 kg.

This particular, when the rates had already been owning increased regarding prior 2 weeks. In retail current market, the costs of groundnut oil have acquired by close to Rs 100 each 15 kg tin in past 4 days.

The drop in the groundnut supply is attributed to the increase in rates. The foreign trade requirement for nuts has been increasing to nations such as China, Taiwan and also Indonesia. Also, the exports to nations like Indonesia, Philippines and areas of Europe has acquired recently. In Indonesia groundnut is utilized for both primary usage and regarding smashing reason.

The rates hovered on Rs 1545-1550 each 15 kilograms in opposition to Rs 1325-1330 each tin on May 31.

Related News

View all news

Government to commence procurement of groundnut under PSS from Gujarat

The Agriculture Ministry gave approval for implementation of Price Support Scheme for procurement of groundnut in Gujarat during the current Kharif season and directed NAFED and SFAC to initiate the procurement......

India's groundnut production to rise by 70% to 54.80 lakh tonnes: SEA

The kharif groundnut crop of 2016-17 production is estimated at 54.80 lakh tonnes (LT), a jump of 70% compared to 32.30 LT in 2015-16, according to the estimate of industry body Solvent Extractors......

Groundnut production to decline by 61% in Gujarat state

The groundnut production in Gujarat which is a major crop growing state of the country is expected to decline by 61% to 6.95 lakh tonnes this year, as per the report compiled by the Solvent......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......