Agri Picks Report February 06, 2025: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

Farmers in India have sown rabi crops over 66.10 million hectares as of Friday, up 1.5% from a year ago, according to data from the Department of Agriculture and Farmers' Welfare. Rabi acreage was 4.1% higher than the normal area of 63.35 million hectares for the season. The area under wheat, the largest rabi crop, was 2.1% higher on year at 32.49 million hectares, the data showed. The current wheat acreage has also exceeded the normal area of 31.24 million hectares for the season. The area under rabi paddy was up 4.8% on year at 4.25 million hectares. The acreage of maize rose 8.8% on year to 2.37 million hectares. The area under pulses was 14.09 million hectares, up 2.2% from 13.78 million hectares a year ago, the data showed. Under pulses, the acreage of chana was 9.86 million hectares, up 2.8% from a year ago. Chana is the main legume grown during the rabi season. Masur acreage was unchanged at 1.74 million hectares. The area under oilseeds was down 1.8% on year at 9.75 million hectares. Mustard acreage was 8.93 million hectares, down 2.8% from a year ago. The area under groundnut was up 6.7% at 365,000 hectares, while the area under sunflower was up 39.6% at 74,000 hectares. The Solvent Extractors' Association of India will hold the '23rd SEA-Global Castor Conference – 2025' on Feb. 14-15 in Gandhinagar, Gujarat, according to a release by the association. The conference will include discussions of the latest status of Indian and global castor oil scenarios, and a presentation on the findings of India's 'Castor Crop Survey-2024-25' conducted by Agriwatch in key castor growing states, which include Gujarat, Rajasthan and Andhra Pradesh, the release said. There will also be a panel discussion on 'Castor Oil Price Outlook-2025', it said.

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