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Groundnut exporters shifted to domestic retail business

1468834426Like in the local markets peanut butter and confectionaries, Indian Groundnut exporters are moving to retail businesses. There is a falling demand from the South Asian markets like Vietnam, so this development has occurred.

With the increase in demand in the domestic market, but in a very small manner Value addition in groundnut is happening domestically, the leading exporters are also showing interest.

As the untapped value-added products market has a great future, but the exports of groundnut are falling, reported by Apeda. Installations of new processing units have already started in different states by few exporters of states to expand into the value added peanut products.

In the world, after India, China is the largest producer of groundnut. Annually Indian groundnut output is five to six million and around 500,000 tonnes is the annual exports.

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