Groundnut Exports

Traders attribute the price upsurge to unavailability of stock with farmers and stockists

The industry said permitting bulk export of sesame seed oil would open the market in the Far East

With no prior signals, exporters see ban as drastic & arbitrary, fear other markets will follow suit

In 2015-16, India had exported 537,888 tonnes of groundnut

Groundnut exports stagnated at 536,929 tonnes in 2015-16, after a sharp decline from 2013-14 when these were a record of 708,386 tonnes, worth $760 million

Vietnam ban coupled with higher domestic price affected groundnut exports