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2025-04-16 11:12:24 am | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 16 April 2025 - Geojit Financial Services Ltd
Agri Commodity Technical Report 16 April 2025 - Geojit Financial Services Ltd

* Sowing of rabi crops in Telangana was at 7.8 million acres (1 acre = 0.4 hectares) as of Wednesday, up 15.4% on year from 6.8 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 in the state rose nearly 34% to 886,785 acres from 664,180 acres a year ago, the report showed. The area under paddy rose to 5.8 million acres from 5.2 million acres, while jowar acreage was 356,288 acres, up from 231,426 acres a year ago. The area under chana fell to 222,621 acres from 255,621 acres a year ago, according to the report. On the other hand, the acreage of black gram, or urad, rose to 54,533 acres from 35,602 acres. The total area under all pulses was 307,053 acres, down from 319,627 acres a year ago. The total area under all oilseeds was 314,662 acres, up from 272,564 acres a year ago, the report showed. Under oilseeds, the acreage of groundnut rose to 251,018 acres from 209,817 acres. Tobacco acreage so far rose to 18,783 acres from 9,902 acres a year ago, while the area under sugarcane rose to 16,882 acres from 4,525 acres. Paddy is in the 'grain maturity' to harvesting stage, while the harvest of groundnut, sunflower, urad, chana, maize, jowar, and other crops is underway, the report said. The water level in reservoirs across Telangana was 386.75 billion cubic metres as of Wednesday, compared with 246.31 billion cubic metres a year ago, according to the report.

* Summer crops were sown across 572,000 hectares in Karnataka as of Mar. 29, a near-157% increase in area under cultivation from 223,000 hectares a year ago, according to the final summer crop acreage report released by the state agriculture department. The state covered 88.3% of its targetted area of 648,000 hectares, the report showed. Paddy acreage in the state rose a whopping 332.5% on year to 365,000 hectares from 84,000 hectares a year ago, according to the report. Similarly, the area sown under maize also rose to 49,000 hectares from 30,000 hectares last year. The total area sown under oilseeds so far was 94,000 hectares, up from 72,000 hectares sown a year ago, according to the report. Under oilseeds, the acreage under groundnut rose to 90,000 hectares from 59,000 hectares last year. The total area sown under urad remains unchanged from last year at 500 hectares, while moong acreage fell to 400 hectares from 500 hectares last year, the report showed. The total area sown under all pulses so far was 6,000 hectares, unchanged from the corresponding period last year. Sugarcane acreage in the state so far rose to 39,000 hectares from 21,000 hectares sown in the previous year. In Karnataka, summer crops are sown in January and February, and harvested from March to June. Rice and sugarcane are some of the main crops grown in the state during the summer.

* 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.

* India's vegetable oil imports fell 16% on year in March to 998,344 tonnes, data released Friday by the Solvent Extractors' Association of India showed. The imports consisted of 970,602 tonnes of edible oils and 27,742 tonnes of non-edible oils, the association said. Edible oil imports also fell 16% on year in March.Total vegetable oil imports during the first five months of edible oil year 2024-25 (Nov-Oct) were 5.81 million tonnes, marginally down 0.4% from 5.83 million tonnes in the same period last year, the association said in a release. India is the world's largest importer of edible oils, and its basket comprises crude and refined palm oils, crude soyoil, and sunflower oil. Crude palm oil imports fell nearly 10% on year to 343,949 tonnes in March. Similarly, imports of refined, bleached, and deodorised palmolein fell 20% on year to 74,650 tonnes in March. Crude palm oil imports during Nov-Mar were down 34% from a year ago at 1.72 million tonnes, while refined, bleached, and deodorised palmolein imports in the same period were down nearly 25% at 662,890 tonnes.

* India's soymeal exports fell 8% on year to 162,000 tonnes in March, but were up 5% on month, the Soybean Processors Association of India said in a release. Soymeal exports for the Oct-Mar period fell to 1.1 million tonnes from 1.3 million tonnes a year ago, the association said.

* Union Minister for Agriculture and Farmers' Welfare and Rural Development Shivraj Singh Chouhan will hold bilateral meetings with key officials from Brazil to enhance collaboration between the two countries in the fields of agriculture, agri-technology, rural development, and food security, the Ministry of Agriculture and Farmers Welfare said in a release on Tuesday. The meetings will be a part of Chouhan's visit to attend the 15th BRICS Agriculture Ministers' Meeting in Brasilia on Thursday. "Agriculture ministers and senior officials from BRICS member countries, including Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran are expected to attend the meeting," the release said.

 

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