Groundnut seed prices down in Gujarat on low demand.

Prices of groundnut seed were down in the benchmark markets of Gujarat due to subdued demand from domestic oil millers and crushers. Expectations of higher output of groundnut in 2016-17 for the rabi season also weighed on sentiment. 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.