The Tamil Nadu Agricultural University has advised farmers to go in for groundnut sowing during July-August season as they are expected to get remunerative prices on the harvest.

An econometric analysis carried out by Domestic and Export Market Intelligence Cell (DEMIC) in TNAU, of the prevailing prices of the past 20 years in Tindivanam Regulated Market, revealed that prices would be around Rs.44 to Rs.46 per kg of groundnut kernel during harvest in October-November.

Tamil Nadu produced 8.89 lakh tonnes of groundnut, with a productivity of 2,113 kg per hectare in 4.12 lakh hectares in 2009-10.

Nearly 75 per cent of groundnut sowing in the state was during this season. The survey was carried out to advise farmers to derive the maximum benefit out of it, DEMIC said.

Groundnut is the major oilseed in India, which is placed second in groundnut production and consumption list, it said.