Groundnut prices maintain their downtrend to 935 for 10 kg

AHMEDABAD: Groundnut prices maintained their downtrend to 935 for 10 kg on Monday. The prices are dropping due to tepid demand from the affluent and a slight fallback in export orders while a bumper production is set to trouble growers and traders further.

"With a recent export consignment of groundnut kernel worth 30 crore seized from the Pipavav port, there has been a slow movement in exports in the past few days, ensuring a fall in prices," said a trader. On Monday, groundnut kernel was quoted at 4,675 per quintal.