Agri Commodity Technical Report 25 April 2025 - Geojit Financial Services Ltd

* Sowing of rabi crops in Telangana was at 7.94 million acres (1 acre = 0.4 hectares) as of Wednesday, up 17.2% from 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 nearly 36% on year to 911,475 acres from 669,830 acres a year ago. The area under paddy rose to 5.93 million acres from 5.20 million acres a year ago, the report showed. Similarly, the acreage of jowar was 364,903 acres, up from 237,804 acres a year ago. Chana acreage in the state was 222,756 acres, down from 238,509 acres a year ago, according to the report. On the other hand, the area under urad rose to 56,230 acres from 35,030 acres a year ago. The total area under all pulses rose to 310,528 acres from 303,806 acres a year ago. The total area sown under all oilseeds so far was 315,641 acres, up from 272,154 acres sown a year ago, the report showed. Under oilseeds, the acreage under groundnut rose to 251,115 acres from 202,638 acres. 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, the report said. The water level in reservoirs across Telangana was 374.27 billion cubic metres as of Wednesday, compared with 232.68 billion cubic metres a year ago, according to the report. 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 delay in withdrawal of the southwest monsoon, which in turn delayed the harvest of kharif crops.
* The sowing of summer crops in Gujarat has progressed to 1.23 million hectares as of Monday, up 6.8% on year from 1.15 million hectares sown in the corresponding period last year, according to a report released by the state agriculture department. Paddy acreage rose by 34.3% on year to 126,182 hectares from 95,466 hectares last year. The area sown under bajra was 321,107 hectares, up from 316,038 hectares sown a year ago, the report showed. Similarly, the acreage under maize rose to 7,472 hectares from 7,085 hectares last year. Moong acreage in the state stood at 59,113 hectares, up from 45,751 hectares last year, according to the report. The area sown under urad also rose to 30,196 hectares from 21,500 hectares a year ago.The acreage under sesamum so far rose to 122,469 hectares from 115,237 hectares sown in the same period last year, the report showed. On the other hand, the area sown under groundnut fell to 56,261 hectares from 59,960 hectares a year ago. The area sown under vegetables was 107,247 hectares, up from 105,150 hectares last year, while that of onion rose to 10,944 hectares from 10,865 hectares a year ago. The acreage under sugarcane rose to 12,563 hectares from 10,250 hectares sown in the previous year. 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.
* 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.
* India's oilmeal exports in March rose 3% on year to 409,148 tonnes, according to data released by the Solvent Extractors' Association of India on Friday. However, total oilmeal exports in Apr-Mar fell 11% to 4.3 million tonnes, mainly due to decline in export of rapeseed meal and castorseed meal, it added. In terms of value, oilmeal exports fell 21% on year to INR 121.7 billion in Apr-Mar.
* The El Nino–Southern Oscillation continues to be in the 'neutral' category, the Australian Bureau of Meteorology said in its fortnightly report on Tuesday. It said neither El Nino nor La Nina are likely until at least September, which aligns with the predictions of the other international models it reviewed.
* The Ministry of Agriculture & Farmers' Welfare has so far procured 392,000 tonnes of tur in the kharif marketing season 2024-25 (Oct-Sept) at the minimum support price. This is a little over 30% of the total tur procurement target of 1.3 million tonnes set by the government. Tur is being procured in Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Telangana, Chhattisgarh, Haryana, Madhya Pradesh, and Uttar Pradesh under the price support scheme for 2024-25 through the two central nodal agencies, National Agricultural Cooperative Marketing Federation Ltd. and National Cooperative Consumers' Federation of India Ltd. The legume is being purchased at the minimum support price of INR 7,550 per 100 kg. This is in line with the government's announcement in the Budget for the financial year 2025-26 (Apr-Mar) that 100% of the production of tur, urad and masur in the country would be procured till FY29 to achieve self-sufficiency in pulses in the country.
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