Rajkot: The seventh-eighth festival is over. Ganpati Mahotsav, Navratri and other festivals are just days away. Inflation, on the other hand, has come to the fore. Peanut oil prices have risen by Rs 40 to Rs 50 in the last one week. According to traders, rising groundnut prices have led to low income from groundnut as well as other oil prices. The price is likely to go up by Rs 100 to Rs 150 a month.
At present, only NAFED has the quantity of groundnuts
. Peanut oil prices are expected to rise by another Rs 100 next month. The trader said that at present, the income of groundnuts in Rajkot’s Bedi Marketing Yard as well as Gondal Marketing Yard is negligible. Currently, the quantity of groundnut is only available with NAFED.
“There is no groundnut income in the marketing yard
,” said Bhaveshbhai Popat, an edible oil trader. Also, the largest Gondal and Rajkot marketing yard in Saurashtra does not have any income from peanuts. Which has led to an increase in the price of peanuts. And the direct effect of both these factors is that the current price of groundnut oil has gone up by Rs 40-50 in just one week. At the same time no one is willing to sell peanuts due to the drought situation. With this, the possibility of a price increase of Rs 100-150 in the next month cannot be ruled out.
Peanut and peanut oil prices rise in 6 years
|Year||Peanut Price (in Rupees)||Peanut oil price (in rupees)|