look news india
Hike in the price of groundnut oil: Gujarat recorded a bumper production of 46.42 lakh tonnes of groundnut last year and 45.31 lakh tonnes in 2022-23. However, Rajkot-Saurashtra Singoil has been squeezed out by a huge increase of Rs. 50 with a hike of Rs 20 in three days. Last Thursday, the price of Singoil was Rs 2560-2610 per 15 kg can. Which has been increased to Rs 2560-2610.
Surprisingly, there has been no increase in demand due to bumper production of groundnut. On the other hand, cotton, palm oil prices are stable, but Singoil is playing the game of daily price increase. Apart from this, the yard earns 1500 to 1800 quintals in monsoon and today the prices are between 1120-1320.
At present, the main season of monsoon-dependent agriculture in the state is Kharif, in which a total of about 86 lakh hectares of land is ploughed and seeds of about 20 different crops are sown. If the rains are good, there will be a bumper crop. According to the official report till July 15 this year, a total of 54,30,956 hectares i.e. 63.45 percent of the normal average has been sown and about 40 percent is yet to be sown. Peanut cultivation there has increased by 1.38 lakh from 15.84 lakh hectares last year to 17,22,756 hectares this year.
Although cotton prices were skyrocketing a year ago, cotton was planted in 26.83 lakh hectares during 2023-24 and a bumper production of 99.91 lakh bales was achieved. But this year the bubble of cotton boom burst and the price became normal and remained between Rs. 1500 to 1600. In such a situation, the picture is emerging that farmers do not want to increase cotton cultivation this year. So far, 20.99 lakh tonnes of cotton has been sown this year as compared to 25.40 lakh tonnes last year. However, so far 84 percent more sowing has been done than normal.
Other major crops in Gujarat include paddy 1.85 lakh hectares, millet 99,547 hectares, maize 2.27 lakh hectares, cassava 16,500 hectares, urad 28306 hectares, sesame 15,954 hectares, which is slightly less than last year. But the crops that have increased compared to last year include jowar 11,285 hectares, sorghum 1,23,126 hectares and soybean 2,55,909 hectares. Sowing work is still going on.