Agri Commodity Technical Report 24 March 2025 - Geojit Financial Services Ltd

* Sowing of rabi crops in Andhra Pradesh progressed to 1.86 million hectares as of Wednesday from 1.68 million hectares sown in the same period last year, up 11% on year, according to a report released by the state agriculture department. Sowing of rabi crops in the state was little changed on week, the report further said. The acreage under all rabi crops in the state as of Mar. 12 was 1.85 million hectares. Maize acreage rose 19.7% on year to 182,000 hectares from 152,000 hectares from the year ago period. Similarly, the acreage under paddy rose to 661,000 hectares from 564,000 hectares a year ago, the report showed. On the other hand, area sown under jowar fell to 75,000 hectares from 96,000 hectares last year. In Andhra Pradesh, rabi crops are sown after the monsoon and harvested between April and May. The rabi crops majorly grown in the state include paddy, maize, Bengal gram or desi chana, urad, and groundnut. For the ongoing season, the state has set a sowing target of 2.31 million hectares, of which nearly 80% has been achieved so far, according to the report. The acreage under chana sown so far was 302,000 hectares against 301,000 hectares sown in the previous year, according to the report. Similarly, the acreage under black gram, or urad, rose to 278,000 hectares from 266,000 hectares last year. The total area sown under all pulses was 736,000 hectares, compred with 669,000 hectares a year ago. The total area sown under all oilseeds fell to 71,000 hectares from 104,000 hectares a year ago, the report showed. Under oilseeds, the acreage under groundnut was 52,000 hectares, down from 68,000 hectares last year. The area sown under tobacco in the state so far rose to 121,000 hectares from 78,000 hectares sown in the corresponding period last year, the report said. The paddy crop is at the 'tillering to harvesting' stage. Jowar is at 'maturity to harvesting' stage, while maize is at 'grain filling to harvesting' stage. All pulses are in the harvesting stage, while horsegram, or kulthi dal, has been harvested. Groundnut is at 'flowering to harvesting' stage, the report said. The water level in reservoirs across Andhra Pradesh was 48.9% of the live storage capacity as of Friday, compared to 27.6% a year ago, according to the state's 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 International Grains Council has projected global food grain output at a record 2,368 million tonnes for 2025- 26, up 2.7% from an upwardly revised 2,306 million tonnes in 2024-25. The increase in overall production is led by maize, wheat, and barley, the council said in its grain market report released Thursday.
* 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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