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2025-03-19 11:04:24 am | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 19 March 2025 - Geojit Financial Services Ltd
Agri Commodity Technical Report 19 March 2025 - Geojit Financial Services Ltd

* The sowing of summer crops in Gujarat fell 14% on year to 567,062 hectares as of Monday from 659,770 hectares sown in the corresponding period last year, according to a report released by the state agriculture department. Paddy acreage rose 40% on year to 123,205 hectares from 87,870 hectares last year.The acreage under bajra fell to 100,582 hectares from 140,290 hectares sown a year ago, the report showed. Similarly, the area sown under maize was 4,385 hectares, down from 5,394 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. Acreage of moong in the state fell to 20,059 hectares from 28,578 hectares last year, and that of urad also fell to 9,332 hectares from 15,183 hectares a year ago, according to the report.The area sown under groundnut so far was 24,292 hectares, down from 34,573 hectares a year ago, the report showed. The acreage under sesame also fell to 59,461 hectares from 76,334 hectares last year. Acreage of onions fell to 5,591 hectares from 7,542 hectares, and the area sown under vegetables was 57,575 hectares, down from 66,228 hectares last year. On the other hand, the area sown under sugarcane rose to 9,207 hectares from 8,508 hectares a year ago, according to the report.

* Rajasthan has procured 24.9 tonnes of wheat as of Tuesday, against the target of 2.0 million tonnes for 2025-26 (Apr-Mar), Minister of State for Consumer Affairs Nimuben Bambhaniya said detailing the state-wise wheat procurement targets for 2025-26. For the entire country, the wheat procurement target is 31.0 million tonnes for 2025-26, she said in a written reply to the Rajya Sabha. With a target of 12.4 million tonnes, Punjab is likely to give most wheat to the central pool. Haryana and Madhya Pradesh aim to buy 7.5 million tonnes and 6.0 million tonnes, respectively. The Madhya Pradesh government has announced a bonus of INR 175 and Rajasthan INR 150 over and above the minimum support price of INR 2,425 per 100 kg. Uttar Pradesh has set a target of 3.0 million tonnes, Bihar 200,000 tonnes, and Gujarat 100,000 tonnes. Uttarakhand aims to procure 50,000 tonnes and Himachal Pradesh and Jammu and Kashmir 10,000 tonnes of wheat each, the minister said. The government bought 26.6 million tonnes of wheat in 2024-25 from 2.25 million farmers across the country, the minister said. As of Feb. 1, the covered storage capacity available with the Food Corp. of India and state agencies across the country for storing foodgrains is 80.7 million tonnes against stored stock of 49.6 million tonnes, she added. FCI's storage requirements depend upon the level of procurement, buffer norms, and public distribution system operations, the minister said. The agency continuously assesses and monitors the storage capacity and based on the requirement and storage gap assessment, storage capacities are created or hired. The Centre expects farmers across India to harvest a record wheat crop of 115.4 million tonnes in 2024-25 (Jul-Jun), according to the farm ministry's second advance estimate. Last year, wheat output stood at 113.2 million tonnes.

* India's oilmeal exports in February fell 36% on year to 330,319 tonnes, according to data released by The Solvent Extractors' Association of India on Tuesday. Total oilmeal exports in Apr-Feb fell 12% to 3.9 million tonnes, the data showed. The decline in exports in Apr-Feb was mainly due to a fall in the exports of rapeseed meal and castor seed meal, the association said. The overall export of soymeal during Apr-Feb has been more or less same as last year and is reported at 1.94 million tonnes compared with 1.93 million tonnes in the same period last year. Germany and France are the major countries that import non-gentically modified soymeal from India. However, export of soymeal in the first five months of oil year 2024-25 (Oct-Sept) was 1.03 million tonnes, compared with 1.35 million tonnes, down by 23%, according to the association.

* The National Agricultural Cooperative Marketing Federation of India procured 2.91 million tonnes of oilseeds as of Wednesday, slightly more than the 2.89 million tonnes purchased as of Mar. 2, according to data by the central procurement agency released on Friday. So far, NAFED has procured 53% of the total 5.48 million tonnes approved by the government under the price support scheme.

* Mills have dispatched 150,834 tonnes of sugar to ports as of Tuesday in 2024-25 (Oct-Sep), All India Sugar Trade Association said in a release Monday. The government has allowed sugar mills to export 1 million tonnes in 2024- 25.

 

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