Groundnut Kharif sowing and cumulative rainfall Update.

As on 02nd July’22 All India Kharif Groundnut sowing progress is lagging by 25% to 13.71 Lakh hectare as compared to 18.28 Lakh hectare last year in the same period. From 1st June’22 to 3rd July’22 cumulative rainfall was deficit by -31% in Gujarat, 35% above normal in Rajasthan, 9% deficit in Karnataka and 14% above average in Andhra Pradesh. Agriwatch expects Groundnut 2022-23 Kharif sowing acreage is likely to decline by 8-12%. Acreage is likely to shift to cotton on lucrative prices.