Home / Markets / Commodities / Coronavirus epidemic: Groundnut exports to China come to standstill

Coronavirus epidemic: Groundnut exports to China come to standstill

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

Premium

(Image via Shutterstock)

3 min read Last Updated : Mar 01 2020 | 12:04 AM IST

After two months of meteoric rise, groundnut import orders from China have come to a standstill due to the coronavirus outbreak there.

Data compiled by the Agricultural & Processed Food Products Export Development Authority (Apeda) showed India’s groundnut exports jumped by a staggering 27 per cent to 454,373 tonnes for the period between April and December 2019 as compared to 357,795 tonnes in the corresponding period last year. In value terms, however, the growth was phenomenal 41.64 per cent at $489 million versus $346 million.

Most of this growth was achieved in the last two months of the period between November

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in