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2025-05-15 09:20:03 am | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 15 May 2025 - Geojit Financial Services Ltd
Agri Commodity Technical Report 15 May 2025 - Geojit Financial Services Ltd

MARKET NEWS/UPDATES

* The area under summer crops across India was at 7.88 million hectares as of Friday, up nearly 10% from 7.19 million hectares a year ago, according to data released by the agriculture ministry on Wednesday. Rice, the largest summer crop in terms of both acreage and production, was sown across 3.20 million hectares, up 12% from 2.86 million hectares a year ago. The area under coarse cereals was up nearly 13% on year at 1.46 million hectares, the report showed. The area under maize, the largest coarse cereal grown during the season, rose to 889,000 hectares from 737,000 hectares a year ago. The area under bajra, the second-largest coarse cereal, rose to 505,000 hectares from 496,000 hectares. The total area under all pulses stood at 2.27 million hectares, up 5% on year, the report showed. Under pulses, the acreage of moong rose to 1.95 million hectares from 1.84 million hectares, while that of urad rose to 307,000 hectares from 257,000 hectares a year ago. Arrivals of the summer moong crop have begun in spot markets in states such as Maharashtra, Andhra Pradesh, Karnataka, Gujarat, and Rajasthan, local trader said. The total area under all oilseeds rose to 951,000 hectares from 923,000 hectares a year ago, according to the report. 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.

* 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 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.

* The US Department of Agriculture has pegged global oilseed production in 2025-26 (May-Apr) at 692.10 million tonnes, up 2.2% from 677.16 million tonnes in 2024-25, it said in its World Agricultural Supply and Demand Estimates report for May.

* The US Department of Agriculture has forecast global cotton production in 2025-26 (Oct-Sept) at 117.81 million bales, down from 121.07 million bales the previous year. Yet, global supply of cotton is likely to rise about 1.5% from 2024-25, as the increase in opening stocks exceeds the decline in production, the report said. Beginning stocks for the year are seen at 78.40 million bales. One bale equals 217.72 kilograms.

* Production of crude palm oil in Malaysia rose 21.5% on month to 1.68 million tonnes in April, according to preliminary data from the Malaysian Palm Oil Board released Tuesday. Month-end palm oil stocks and exports also increased last month, the data showed. In April, Malaysia's palm oil exports rose 9.6% on month to 1.1 million tonnes and stocks increased 19.4% to 1.87 million tonnes, the data showed.

* India's vegetable oil imports declined 32% on year in April to 891,558 tonnes due to fall in imports of palm oil, sunflower oil, and soyoil, data released Wednesday by the Solvent Extractors' Association of India showed. The imports comprised 862,558 tonnes of edible oils and 29,000 tonnes of non-edible oils, the association said. Edible oil imports fell 34% on year in April and were the lowest since May 2020

 

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