Gujarat to start groundnut procurement at MSP after Diwali

Next a bumper groundnut crop projection after a record sowing of the oilseeds for kharif 2020-21, the Gujarat govt on Wednesday announced to carry out MSP operations for groundnut procurement beginning November 19.

Jayesh Radadiya, Minister for Food stuff & Civil Provides, Federal government of Gujarat, announced the determination taken at the Condition Cabinet conference these days.

Radadiya also stated that although the announcement is being built now, the procurement will get started after Diwali on November 19 on the auspicious day of ‘Labh Panchami.’

The dates for registrations of farmers will be announced quickly.

Arrivals have started out in the marketplaces with selling prices in the assortment of ₹3,330-five,030 per quintal at Gondal APMC on Wednesday, much considerably less than the least support rate (MSP) of ₹5,275 preset by the Centre for the Kharif 2020 year.

Output estimates

The Gujarat government’s initially advance estimate has projected an all-time superior groundnut crop at fifty four.sixty five lakh tonnes for Kharif 2020. The anticipated yield for the present-day 12 months is anticipated to be lessen at 2,637 kg/ha, as versus 2,764 kg/ha very last 12 months.

The Condition is the largest producer of the oilseed in the place.

Last 12 months in 2019-20, the fourth advance estimate experienced projected India’s kharif groundnut crop at eighty three.sixty seven lakh tonnes, of which additional than 50 per cent or about 45 lakh tonnes was Gujarat’s contribution.

Farmers have also expressed considerations on the damages to the groundnut crop thanks to large flooding pursuing monsoon rains in excess of the previous one particular month. The Condition govt has announced compensation for the losses exceeding 33 per cent for the flood-strike farmers.

Procurement operations

The Condition Civil Provides Office has been appointed as the nodal company to carry out the procurement operations. The minister has not clarified on the quantity to be procured from the farmers. Ordinarily, the mandate for the procurement organizations is for the quantities up to twenty five per cent of the overall crop.