Agri Commodity Technical Report 21 May 2025 - Geojit Financial Services Ltd
* The sowing of summer crops across India progressed to 8.07 million hectares as of Friday, up nearly 12% from 7.21 million hectares a year ago, according to data released by the agriculture ministry Monday. The acreage under rice, the largest summer crop in terms of both acreage and production, rose over 15% to 3.32 million hectares from 2.88 million hectares a year ago. According to the report, the area sown under coarse cereals was up 11% on year at 1.44 million hectares. The acreage under maize, the largest coarse cereal in terms of area and production grown during the season, rose to 880,000 hectares from 737,000 hectares a year ago. On the other hand, the acreage under bajra, the second-largest coarse cereal, fell to 490,000 hectares from 496,000 hectares a year ago. The total area sown under all pulses stood at 2.38 million hectares, up more than 12% on year, the report showed. Under pulses, the acreage of moong rose to 2.05 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 traders said. The total area under all oilseeds rose to 945,000 hectares from 923,000 hectares sown in the previous year, according to the report. The acreage of sesamum, the major summer oilseed crop, fell nearly 1% on year to 470,000 hectares. Groundnut acreage rose nearly 5% on year to 431,000 hectares.
* 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.
* India's oilmeal exports in April rose slightly to 465,863 tonnes from 465,156 tonnes in the same period last year, according to data released by the Solvent Extractors' Association of India on Monday. However, total oilmeal exports in Nov-Apr fell 13% to 2.4 million tonnes, mainly due to decline in export of rapeseed meal and soymeal, it added. "India harvested the record crop of soybean in kharif season and rapeseed in rabi season which encouraged higher crushing and increased availability of meal, however export demand is lacking due to disparity in international market," the SEA said. Exports of soymeal decreased to 1.35 million tonnes from 1.65 million tonnes, while those of rapeseed meal were down at 911,000 tonnes from 930,000 tonnes, it said. Similarly, in April, exports of mustard meal fell to 213,023 tonnes from 230,810 tonnes a year ago. Bangladesh, South Korea, Thailand, and Vietnam are the major importers of rapeseed meal.
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