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Groundnut to fetch Rs 62/kg at farmgate

01 July 2020

 

It seems groundnut farmers could mint some money this year, even if there is a dip in exports due to the prolonged Covid-19 pandemic situation. The Tamil Nadu Agricultural University (TNAU) has predicted a farmgate price of Rs 60 to Rs 62 per kg when it is harvested between August and September after analysing 12 year’s prices of the oilseed at the Tindivanam groundnut market. Groundnut is one of the few kharif crops sown in the district. Groundnut is cultivated across 3,300 hectares in the district. It is a popular crop for summer cultivation, which is by and large taken up during the southwest monsoon season. However, many farmers are hesitating to cultivate the crop this year, owing to poor monsoon showers.

 

Karthik Krishnamurthy, treasurer, Tamil Nadu Vivaisaigal Sangam, said, “Groundnut can be a labour-intensive crop during harvest. If a good price does not come through, it can be difficult.” While the price of Rs 60 per kg sounds good, Karuppusamy, a farmer, said they would still wait for rain. “Otherwise, it’s a gamble.” According to TNAU, kharif cultivation of groundnut has increased in Gujarat and Rajasthan to 6.5 lakh hectares and 6.7 lakh hectares, respectively. Last year, the country had exported 6.65 lakh tonnes groundnut to southeast Asian countries. However, due to the Covid-19 situation, exports are likely to dip this year, causing a glut in the domestic market. But despite these factors, TNAU has predicted the farmgate price of Rs 60 to Rs 62 per kg for good quality groundnut.

 

Source: https://timesofindia.indiatimes.com/city

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