Groundnut seed down in Gujarat as output seen up.

Prices of groundnut seed are down in benchmark markets of Gujarat on likely higher output of in the rabi season in 2016-17. In India groundnut seed production in the rabi season in seen at 1.6 million tonne, higher than 1.2 million tonne in the previous year. Lacklustre demand from domestic oil millers, crushers, and stockists also weighed on prices.