Agri Commodity Technical Report 16 May 2025 - Geojit Financial Services Ltd
* Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department. Maize acreage rose 63% on year to 97,149 hectares. Paddy acreage so far was 171,877 hectares, up from 167,714 hectares a year ago, the report showed. The area under bajra rose to 40,452 hectares from 36,487 hectares. On the other hand, the area under jowar fell to 35,662 hectares from 35,955 hectares. The acreage of moong was at 20,440 hectares, up from 11,772 hectares a year ago. The total area under all pulses so far rose to 24,840 hectares from 13,474 hectares a year ago. The total area under all oilseeds was 138,134 hectares, up from 106,289 hectares a year ago. Under oilseeds, the acreage of groundnut rose to 102,732 hectares from 78,034 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 are fruits and vegetables such as banana, pumpkin, and tomato. The water level in dams across Maharashtra was 29.4% of the live storage capacity as of Thursday, compared with 26.6% a year ago, according to data from the state water resources department.
* Sowing of rabi crops in Telangana reached nearly 8 million acres (1 acre = 0.4 hectares) as of Wednesday, more than 18% higher then 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 913,484 acres. The area under paddy so far was nearly 6 million acres, up from 5.2 million acres a year ago. Similarly, the acreage of jowar rose to 367,614 acres from 237,804 acres a year ago, the report showed. The area under chana fell to 222,772 acres from 238,509 acres a year ago. On the other hand, the acreage of urad rose to 56,273 acres from 35,030 acres a, according to the report. The total area under all pulses stood at 310,738 acres, up from 303,806 acres a year ago. The total area under all oilseeds so far was 315,719 acres, up from 272,154 acres, the report showed. Under oilseeds, the acreage of groundnut rose to 251,115 acres from 202,638 acres a year ago. Tobacco acreage in the state rose to 19,132 acres from 10,009 acres a year ago, while that of sugarcane rose to 17,353 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 356.68 billion cubic metres as of Wednesday, compared with 222.21 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 in Oct-Dec 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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