Agri Commodity Technical Report 09 May 2025 - Geojit Financial Services Ltd

MARKET NEWS/UPDATES
* Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department. The state's normal acreage for the season is 6.4 million acres, the report said. Maize acreage rose over 36% on year to 913,411 acres. The area under paddy rose to nearly 6 million acres from 5.2 million acres a year ago, the report showed. The acreage of jowar was 367,440 acres, up from 237,804 acres. Chana acreage in the state fell to 222,772 acres from 238,509 acres a year ago. On the other hand, the acreage of black gram, or urad dal, rose to 56,273 acres from 35,030 acres last year. The total area under all pulses was 310,738 acres, up from 303,806 acres a year ago, according to the report. The total area under all oilseeds expanded to 315,719 acres from 272,154 acres, the report showed. Under oilseeds, the acreage of groundnut rose to 251,115 acres from 202,638 acres. According to the report, tobacco acreage in the state so far rose to 19,132 acres from 10,099 acres a year ago, while that of sugarcane was up at 17,195 acres from 6,138 acres a year ago. Paddy is in the "grain maturity" to harvesting stage, while the harvest of groundnut, sunflower, urad, chana, maize, jowar and other crops is in progress, according to the report. The water level in reservoirs across Telangana was 362.94 billion cubic metres as of Wednesday, compared with 224.32 billion cubic metres a year ago, the report showed. Rabi crops are sown between October and December after the monsoon, and harvested between February and May. However, sowing started late this year because of delay in withdrawal of the southwest monsoon, which in turn delayed the harvest of kharif crops.
* The area under summer crops in India was 7.7 million hectares as of Friday, up 11% from 6.9 million hectares a year ago, according to data released by the agriculture ministry on Tuesday. Rice, the largest summer crop in terms of both acreage and production, was sown across 3.2 million hectares, up 12% from 2.9 million hectares a year ago. The acreage of coarse cereals was up 12% on year at 1.5 million hectares. The area under maize, the largest coarse cereal grown during the season, rose to 882,000 hectares from 737,000 hectares a year ago. On the other hand, the acreage of bajra, the second-largest coarse cereal, rose to 505,000 hectares from 496,000 hectares. The area under all pulses rose 12% to 2.1 million hectares from 1.8 million hectares in the corresponding period last year. Under pulses, acreage of moong rose to 1.7 million hectares from 1.6 million hectares, while that of urad rose to 307,000 hectares from 257,000 hectares. The total area under all oilseeds rose to 951,000 hectares from 923,000 hectares a year ago, according to the data. The acreage of sesamum, the major summer oilseed crop, rose nearly 1% on year to 477,000 hectares. Similarly, groundnut acreage rose nearly 5% on year to 431,000 hectares.
* The Securities and Exchange Board of India has extended the suspension of derivatives trade in wheat, chana, moong, paddy (non-basmati), mustard seeds and its derivatives, soya bean, and crude palm oil by another year, till Mar. 31, 2026, the regulator said in a release on Monday. In 2021, the government had imposed a ban on derivatives trading in the seven commodities for a year to check rising prices. The ban was extended consecutively each year till December 2024, and twice more till Mar. 31 this year.
* Water level in 161 key reservoirs across India fell to 60.685 billion cubic metres as of Thursday from 64.814 billion cubic metres on Apr. 24, data with the Central Water Commission showed. The current level is 33.26% of the total live storage capacity of 182.444 billion cubic metres.
* Sowing of summer crops in Maharashtra rose 21.4% to 503,873 hectares as of Tuesday from 414,977 hectares a year ago, a report released by the state agriculture department noted. The acreage of maize jumped nearly 69% to 97,036 hectares. Paddy acreage in the state rose to 171,136 hectares from 167,714 hectares a year ago, the report showed. The area under bajra rose to 40,441 hectares from 36,001 hectares. The area under jowar was up at 35,024 hectares from 33,439 hectares. According to the report, the acreage of moong stood at 19,951 hectares compared with 11,462 hectares a year ago. The total area under all pulses so far rose to 370,034 hectares from 309,930 hectares a year ago. The total area under all oilseeds was 133,839 hectares, up from 105,048 hectares a year ago. Under oilseeds, the acreage of groundnut rose to 98,676 hectares from 77,716 hectares, the report showed. Summer crops are grown for a short period between the kharif and rabi seasons, with harvest taking place between April and May. Besides rice, sesame and groundnut are grown during this period. Other major summer crops in the state include fruits and vegetables such as banana, pumpkin, and tomato. The water level in dams across Maharashtra was 32.7% of the live storage capacity as of Wednesday, compared with 29% a year ago, according to data from the state water resources department.
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