Agri Commodity Technical Report 10 March 2025 - Geojit Financial Services Ltd
* Sowing of rabi crops in Telangana was at 7.3 million acres (1 acre = 0.4 hectares) as of Wednesday, up 10.3% from 6.6 million acres a year ago, according to a report released by the state agriculture department. The normal acreage for the season in the state is 6.4 million acres, the report said. Maize acreage in the state rose 22.2% on year to 789,049 acres, the report showed. The acreage of paddy rose to 5.6 acres from 5.0 acres a year ago. Similarly, the area under jowar rose to 238,166 acres from 227,826 acres a year ago. 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 acreage of chana fell to 220,187 acres from 255,187 acres a year ago, according to the report. On the other hand, the area under black gram, or urad, rose to 46,470 acres from 35,551 acres. The total area sown under all pulses fell to 289,691 acres from 318,556 acres a year ago. The total area under all oilseeds was 286,910 acres, up from 271,538 acres a year ago, the report showed. Under oilseeds, groundnut acreage rose to 236,774 acres from 208,791 acres. Tobacco acreage in the state so far rose to 15,360 acres from 9,902 acres a year ago, while sugarcane acreage rose to 12,407 acres from 4,525 acres. Most crops are in the seedling to vegetative stage, the report said, adding that paddy transplantation has been completed. The water level in reservoirs across Telangana was 496.15 billion cubic metres as of Wednesday, compared with 298.33 billion cubic metres a year ago, according to the report.
* The global FAO All Rice Price Index in February fell for the sixth straight month on weak export values in major market segments, according to data from the United Nations Food and Agriculture Organization. According to the report, the FAO All Rice Price Index was down 6.8% from January at 105.9 points, which is also 24.7% below the level in the corresponding period last year. Among the four major rice indices, the Indica index was at an average of 111.1 points, down 7.7% from January's level. Indica quotations fell below the two-and-a-half-year lows hit in January, the report said. "Export prices of Indica rice continue to weaken across Asia in February, as fresh demand remained limited," according to the report.
* Chana production in Australia is expected to hit a record high of 2.27 million tonnes in the crop year 2024-25 (JulJun), up a whopping 362% on year from 491,000 tonnes in 2023-24, according to the quarterly crop report released by the country's Department of Agriculture, Fisheries, and Forestry. The likely rise in production is due to larger acreage driven by India's tariff-free period for chana imports.
* The National Agricultural Cooperative Marketing Federation of India procured 2.89 million tonnes of oilseeds as of Sunday, slightly more than the 2.85 million tonnes purchased as of Feb. 23, according to data by the central procurement agency released Monday. So far, NAFED has procured 53% of the total 5.48 million tonnes approved by the government under the price support scheme.
* India imported 30,025 tonnes of pulses through the Chennai port from Feb. 15-24, according to data released by the India Pulses and Grains Association. At 18,300 tonnes, shipment of pulses from Myanmar was the highest, making up nearly 61% of the total imports.
* The El Nino–Southern Oscillation in the tropical Pacific remains neutral, the Australian Bureau of Meteorology said in its fortnightly forecast. There is no possibility of either El Nino or La Nina until at least July, which is consistent with all the other international models surveyed by the bureau. The El Nino–Southern Oscillation has remained neutral for the past six months, despite a brief period from December to February when the tropical Pacific shifted towards a La Nina-like state. However, these signs have not met the La Nina thresholds, the bureau said.
* The area under summer crops in Gujarat stood at 271,470 hectares as of Monday, down 6.4% from 289,981 hectares a year ago, according to a report released by the state agriculture department. Paddy acreage in the state rose 36.3% on year to 106,304 hectares. On the other hand, the acreage of maize fell to 2,968 hectares from 3,124 hectares a year ago, according to the report. The area under bajra was down at 32,529 hectares against 46,271 hectares a year ago. In Gujarat, summer crops are sown in February and March, and harvested in May and June. Bajra, paddy, sesamum, and moong are the main crops grown in the state during the summer. The area under moong in the state so far was 6,581 hectares, down from 9,352 hectares a year ago, the report showed. Similarly, the acreage of urad fell to 837 hectares from 2,086 hectares. Groundnut acreage in the state fell to 8,326 hectares from 12,830 hectares a year ago. The area under sesame fell to 16,159 hectares from 19,713 hectares. The acreage of sugarcane rose to 6,718 hectares from 4,909 hectares a year ago, the report showed. The area under onion fell to 870 hectares from 1,542 hectares, while that under vegetables fell to 28,190 hectares from 34,231 hectares.
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