Gujarat Key meeting on fate of groundnut procured at MSP

The huge stock of 8.5 lakh tonnes of groundnut procured at the minimum support price (MSP) of Rs 900 per 20kg has become an burden for the state government as it is finding it difficult to sell it to oil millers or in the open market. In addition to this, there is also 1 lakh tonned of last year’s stock carried forward, the quality of which has already deteriorated. In order to resolve issues that have been pending for long, the state government and officials of the nodal agency for groundnut procurement, National Agriculture Cooperative Marketing Federation of India (Nafed), have organized a meeting with members of the Saurashtra Oil Millers Association (SOMA) in Gondal. The main agenda was to convince the oil millers to purchase the huge stock for crushing.