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2025-03-21 11:04:39 am | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 21 March 2025 - Geojit Financial Services Ltd
Agri Commodity Technical Report 21 March 2025 - Geojit Financial Services Ltd

* The sowing of summer crops in Maharashtra has reached 359,482 hectares as of Monday, up 29% on year from 278,687 hectares sown in the same period last year, according to a report released by the state agriculture department. Acreage under maize rose a whopping 101.7% on year to 66,022 hectares from 32,730 hectares last year. The acreage of paddy fell to 120,873 hectares from 130,648 hectares sown a year ago, the report showed. On the other hand, the area sown under bajra was 29,123 hectares, up from 22,522 hectares last year while jowar acreage also rose to 25,317 hectares from 18,402 hectares a year ago. According to the report, moong acreage so far rose to 7,103 hectares from 4,509 hectares last year and the area sown under urad increased to 1,196 hectares from 408 hectares a year ago. The total area sown under all oilseeds was 106,422 hectares, up from 67,433 hectares sown in the previous year, as per the report. Under oilseeds, the acreage of groundnut rose to 74,538 hectares from 54,068 hectares a year ago. The area sown under sesame rose to 23,646 hectares from 9,129 hectares last year. 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, the other major summer crops in the state include fruits and vegetables such as banana, pumpkin, and tomato. The water level in dams across Maharashtra was 51.2% of the live storage capacity as of Wednesday, compared with 42.5% a year ago, according to data from the state water resources department.

* Sowing of rabi crops in Telangana was at 7.4 million acres (1 acre = 0.4 hectares) as of Wednesday, up 12.7% from 6.6 million acres sown in the same period last year, 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. The acreage under maize rose by 27.6% on year to 823,939 acres from 645,600 acres last year, the report showed. The acreage under paddy also rose to 5.6 million acres from 5.0 million acres a year ago. The area sown under jowar was 287,067 acres, up from 227,826 acres last year. 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 a delay in withdrawal of the southwest monsoon, which in turn delayed the harvest of kharif crops. Chana acreage in the state fell to 220,734 acres from 255,187 acres a year ago, according to the report. On the other hand, the acreage under black gram, or urad, was 47,571 acres, up from 35,551 acres last year. The total area sown under all pulses was 294,676 acres, down from 318,556 acres a year ago. The total area sown under all oilseeds so far was 298,400 acres, up from 271,538 acres sown in the previous year, the report showed. Under oilseeds, the acreage under groundnut rose to 243,143 acres from 208,791 acres a year ago. Tobacco acreage in the state so far rose to 17,403 acres from 9,902 acres last year, while that of sugarcane also rose to 14,102 acres from 4,525 acres in the corresponding period last year, according to the report. Paddy is in the 'grain formation' stage, while the harvest of groundnut, sunflower, urad, and chana has commenced and is in its peak stage, the report said. The water level in reservoirs across Telangana was 443.62 billion cubic metres as of Wednesday, compared with 272.79 billion cubic metres a year ago, according to the report. 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.

* The Centre is likely to approve the procurement of an additional 546,000 tonnes of chana from Rajasthan, on top of the already sanctioned 2.16 million tonnes for crop year 2024-25 (Jul-Jun), as it looks to replenish its depleted buffer stocks, a senior government official told Informist. "A proposal from the state on the same is already in and we will approve it soon," the official said. The chana will be procured directly from farmers under the price support scheme for the 2024-25 marketing season on account of a robust crop outlook. According to the agriculture ministry's second advance estimates, production of both tur and chana - two major pulse crops of India, is looking up. While tur production is expected to rise about 6% on year to 3.5 million tonnes in the 2024-25 crop year, chana output is pegged at 11.5 million tonnes, up from 11.03 million tonnes last year.

 

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