India’s y-o-y HPS groundnut exports to decline in 2018-19, says SEA

As India’s groundnut production is expected to fall by 29% due to deficient rainfall, export of hand-picked and selected) HPS groundnut is expected to be lower than the previous year. Export of groundnut oil too may not find the international market due to disparity, stated Solvent Extractors Association (SEA) in a statement.

Groundnut is one of the major crops in kharif season and Gujarat is the prominent state growing groundnut. Since last 10 years, SEA Groundnut Promotion Council conducting the Groundnut crop survey to assess the size and quality of the Groundnut crop for the benefit of the members and the industry at large.

This year the 1st round of sowing took place in last week of June and 2nd round of sowing took place in around 15th July 2018. “The rain fall was not satisfactory and timely the average rainfall in Saurashtra was 72.76% of normal average.