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National Agricultural Cooperative Marketing Federation of India (Nafed), the government-funded farmers’ cooperative, has decided to restart auctioning of groundnut on Monday, following completion of procurement for the current season.
The agency has announced closure of procurement of groundnut early this week in most mandis due to lack of arrivals. Nafed procured around 668,486 tonnes of groundnut worth Rs 3,269 crore for the current season and is carrying over an inventory of around 300,000 tonnes worth around Rs 1,500 crore.
“We are planning to restart the sale of kharif 2017 and 2018 groundnut in Gujarat, Rajasthan, Uttar Pradesh and Madhya Pradesh
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