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Farmers are enthusiastic about groundnut planting this year, the price of castor oil has dropped, overall 9.44 percent increase in cultivation has been recorded across the country

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Farmers have been very enthusiastic about groundnut planting this year and compared to last year, there has been an increase of 16.83 per cent in Gujarat till Wednesday and 9.44 per cent in the country as a whole. In 2023-24, groundnut production in Gujarat alone stood at 46.45 lakh tonnes and with an average increase of 10 per cent in planting this year, oil prices have seen a downward trend amid hopes of an increase in production. Currently, in the off-season, the price of Singoil in the Rajkot oil market has dropped from Rs.2630-2680 per new canister of 15 kg to Rs. Down to 2590-2640. So in palm-cotton oil Rs. 60 has increased. On Wednesday, on the one hand, the price of groundnut in the yard per 20 kg was Rs. 40 and along with it the price of Singoil also fell by Rs. 40 were reduced. By Navratri, there is a possibility that the dhoom income of peanuts will be reduced. Along with cotton oil, the price of cotton by the yard also rose marginally on Wednesday to Rs. 1300-1715. However, on the other hand, surprisingly the prices of other oils have risen dramatically. A can of cottonseed oil on Tuesday traded at Rs. After selling at the price of 1795-1825 today in one day only Rs. 60 with a steep increase of Rs. 1855- reached 2590. Similarly, the price of palm oil also increased by Rs. 60 has increased, from Rs.1620 to 1625 on Tuesday, which went straight to Rs.1680 to 1685 today.

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