Groundnut exports may touch 4 lakh tonnes

India's during the current year is likely to touch around 4 lakh tonnes, up from 3.4 lakh tonne in 2009-10 season, on the back of growing international demand that is supported by the crop failure in China. Groundnut year is calculated on the basis of the crop season, which lasts between November to September.

According to Agricultural and Processed Food Products Export Development Authority (APEDA) India exported 3.4 lakh tonnes of groundnut during 2009-10. Traders and exporters estimate the net exports during the current year that will end in September to be around 4 lakh tonne.

As against 3.4 lakh tonne between November 2009 to September 2010, in the current year India has already exported 2.89 lakh tonnes of groundnut till December 2010, according to data provided by Indian Oilseed and Produce Export Promotion Council (IOPEPC).

“We are expecting 10 to 15 per cent higher exports compared to last year as the buyers who import from Chine turn to India. Even China is also buying from India at present. Moreover, the quality of our products will help us to attract international buyers”, said Rajesh Bheda, vice chairman of IOPEPC.

“Export of groundnut will increase from India as the crop failed in China due to flood. Good demand in the international market coupled with higher availability is likely to turn global importers to India”, said of Rachana Seeds Industries from Junagadh. Rachana Seeds has one of the largest peanuts processing plants in Saurashtra region of Gujarat. It is involved in shelling, processing grading and packing of peanuts and exports the commodity across the world.

India exports groundnut to more than 75 countries including Indonesia, Malaysia, UAE, Gulf, Philippines, Canada, USA and EU countries. India is the second largest groundnut producing country after China. Government estimated 71 lakh tonnes of groundnut production in India for the year 2010-11, which was 55 lakh tonnes in 2009-10. Gujarat is the largest groundnut producing state in the country with expected production of 22 lakh tonnes in 2010-11. Last year, Gujarat produced16 lakh tonnes of groundnut.

image
Business Standard
177 22
Business Standard

Groundnut exports may touch 4 lakh tonnes

Vimukt Dave  |  Mumbai/ Rajkot 



India's during the current year is likely to touch around 4 lakh tonnes, up from 3.4 lakh tonne in 2009-10 season, on the back of growing international demand that is supported by the crop failure in China. Groundnut year is calculated on the basis of the crop season, which lasts between November to September.

According to Agricultural and Processed Food Products Export Development Authority (APEDA) India exported 3.4 lakh tonnes of groundnut during 2009-10. Traders and exporters estimate the net exports during the current year that will end in September to be around 4 lakh tonne.

As against 3.4 lakh tonne between November 2009 to September 2010, in the current year India has already exported 2.89 lakh tonnes of groundnut till December 2010, according to data provided by Indian Oilseed and Produce Export Promotion Council (IOPEPC).

“We are expecting 10 to 15 per cent higher exports compared to last year as the buyers who import from Chine turn to India. Even China is also buying from India at present. Moreover, the quality of our products will help us to attract international buyers”, said Rajesh Bheda, vice chairman of IOPEPC.

“Export of groundnut will increase from India as the crop failed in China due to flood. Good demand in the international market coupled with higher availability is likely to turn global importers to India”, said of Rachana Seeds Industries from Junagadh. Rachana Seeds has one of the largest peanuts processing plants in Saurashtra region of Gujarat. It is involved in shelling, processing grading and packing of peanuts and exports the commodity across the world.

India exports groundnut to more than 75 countries including Indonesia, Malaysia, UAE, Gulf, Philippines, Canada, USA and EU countries. India is the second largest groundnut producing country after China. Government estimated 71 lakh tonnes of groundnut production in India for the year 2010-11, which was 55 lakh tonnes in 2009-10. Gujarat is the largest groundnut producing state in the country with expected production of 22 lakh tonnes in 2010-11. Last year, Gujarat produced16 lakh tonnes of groundnut.

RECOMMENDED FOR YOU

Groundnut exports may touch 4 lakh tonnes

India's groundnut exports during the current year is likely to touch around 4 lakh tonnes, up from 3.4 lakh tonne in 2009-10 season, on the back of growing international demand that is supported by the crop failure in China. Groundnut year is calculated on the basis of the crop season, which lasts between November to September.

India's during the current year is likely to touch around 4 lakh tonnes, up from 3.4 lakh tonne in 2009-10 season, on the back of growing international demand that is supported by the crop failure in China. Groundnut year is calculated on the basis of the crop season, which lasts between November to September.

According to Agricultural and Processed Food Products Export Development Authority (APEDA) India exported 3.4 lakh tonnes of groundnut during 2009-10. Traders and exporters estimate the net exports during the current year that will end in September to be around 4 lakh tonne.

As against 3.4 lakh tonne between November 2009 to September 2010, in the current year India has already exported 2.89 lakh tonnes of groundnut till December 2010, according to data provided by Indian Oilseed and Produce Export Promotion Council (IOPEPC).

“We are expecting 10 to 15 per cent higher exports compared to last year as the buyers who import from Chine turn to India. Even China is also buying from India at present. Moreover, the quality of our products will help us to attract international buyers”, said Rajesh Bheda, vice chairman of IOPEPC.

“Export of groundnut will increase from India as the crop failed in China due to flood. Good demand in the international market coupled with higher availability is likely to turn global importers to India”, said of Rachana Seeds Industries from Junagadh. Rachana Seeds has one of the largest peanuts processing plants in Saurashtra region of Gujarat. It is involved in shelling, processing grading and packing of peanuts and exports the commodity across the world.

India exports groundnut to more than 75 countries including Indonesia, Malaysia, UAE, Gulf, Philippines, Canada, USA and EU countries. India is the second largest groundnut producing country after China. Government estimated 71 lakh tonnes of groundnut production in India for the year 2010-11, which was 55 lakh tonnes in 2009-10. Gujarat is the largest groundnut producing state in the country with expected production of 22 lakh tonnes in 2010-11. Last year, Gujarat produced16 lakh tonnes of groundnut.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

STOCK WATCH

Company Price() Chg(%)
Dish TV 102.90 9.58
IIFL Holdings 269.25 7.61
DCB Bank 111.00 6.88
Credit Analysis 1062.25 6.82
Eicher Motors 22465.80 6.60
> More on BSE Gainers
Company Price() Chg(%)
Dish TV 102.95 9.64
IIFL Holdings 267.65 7.21
DCB Bank 111.20 7.13
Eicher Motors 22460.85 6.45
Credit Analysis 1060.20 6.25
> More on NSE Gainers
Company Price() Chg(%)
JP Associates 12.13 -8.73
Religare Enterp. 256.20 -6.26
Star Ferro Cem. 115.85 -5.47
SPARC 357.15 -4.94
G S F C 69.95 -4.89
> More on BSE Gainers
Company Price() Chg(%)
JP Associates 12.10 -9.02
G S F C 69.85 -5.22
SPARC 356.95 -5.21
IL&FS Transport 73.45 -4.98
Castex Tech 13.90 -4.79
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard