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Groundnut Crop Likely to Hit a Record of 25.95 Lakh Tones
According to a recent field survey by the Solvent Extractors Association of India, the groundnut crop in Gujarat, this year, is estimated at a record high of 25.95 lakh tonnes on a higher yields and acreage. Last year, Gujarat produced 6.95 lakh tonnes as drought in Saurashtra impacted the yields.

For the kharif 2013-14 season, Gujarat had reported groundnut acreage of 16.6 lakh hectares (ha), 36 percent more than last year’s 12.24 lakh ha. The average yield this year is pegged at 1,560 kg for a hectare more than twice than last year’s 760 kg.

Meanwhile, soyameal exports grew 36 percent in rupee value terms for the oil-year ended September 2013, but saw a four per cent decline for the period over corresponding last year. According to Soybean Processors Association (SOPA), the value of soybean exports for 2012-13 was estimated at over Rs 10,558 crore against previous year’s Rs 7,745 crore.

In quantity, the soyameal shipments declined by four per cent to 34.73 lakh tonnes during the oil year 2012-13 October-September on lower availability of the oilseeds for crushing. Shipment during 2011-12 stood at 36.23 lakh tones.