Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
Groundnut
Date
01/11/2013
Policy Category
Stocks
Policy Instrument
Public procurement
Description
Set to resume state procurement following this year\'s bumper crop.
Notes
INDIA groundnut procurement: Not used since 2001, state procurement of groundnuts is set to resume following this years bumper harvest which drove local prices for the crop below the governments minimum support price. With market prices reported between 30 000 and 37 500 Rp per ton (unshelled basis) as against the farmer support price of 40 000 Rp (USD 653) local purchase operations on behalf of the central procurement agencies are ready to start, notably in Gujarat, the nations main groundnut growing state.
