Oil Millers ask focus to be shifted on groundnut meal exports to get rid of groundnut stocks in Gujarat

After NAFED found it difficult to sell off the groundnut heaps to millers, the latter are suggesting export of groundnut meal instead, a Hindu Business Line report confirms. Millers are suggesting to push groundnut meal exports, a by-product of groundnut after oil has been extracted from it.  It is considered a rich source of protein […]

Read more

India’s NAFED finds hard to sell Gujarat groundnut stockpile bought at MSP

peanuts.jpg

The National Agricultural Cooperative Marketing Federation of India (NAFED) is finding it difficult to sell groundnut stocks procured from farmers at minimum support prices (MSP) on behalf of the Gujarat government to oil millers and traders due to quality and price issues. At present, NAFED is selling the groundnut in Gujarat at Rs 3,500-3,600 per […]

Read more

India’s NAFED to procure additional 1 lakh tonnes of groundnut from Gujarat

The government of India has directed the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) to procure an additional 1 lakh tonnes of the groundnut from Gujarat at the minimum support price (MSP) of Rs 4,500 per quintal. NAFED has already procured around 8 lakh tonnes of groundnut in the ongoing season. Initially, the […]

Read more

Indian industry body seeks hike in import duty on edible oils as Malaysian palm oil output seen rising

The Solvent Extractors’ Association of India (SEA) has requested the government to increase the import duty on edible oils as the prices of several oilseeds, including groundnut and soybean, had fallen below the minimum support price (MSP) levels on cheaper imports of edible oils. The demand for a hike in import duty comes in the […]

Read more