Agri Picks Report February 17, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The Cotton Association of India has lowered its January estimate for the country's cotton production for 2024-25 (OctSept) to 30.18 million bales (1 bale = 170 kg). In December, it had estimated the country's cotton production at 30.43 million bales. The association has kept its estimate of total domestic cosumption of cotton unchanged at 31.5 million bales. The association updates its estimates almost every month, based on information from its members in 11 cottongrowing states and from other trade sources. Cotton production in the north zone, which comprises Punjab, Haryana, and Rajasthan, is pegged at 2.8 million bales in 2024-25. Output in the central zone, which includes Gujarat, Maharashtra, and Madhya Pradesh, is seen at 18.40 million bales. Production in the south zone comprising Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu is seen at 8.5 million bales, according to the association's data. Odisha and other states are likely to account for 475,000 bales of cotton production. The cotton body sees the closing stock for the 2024- 25 season at 2.59 million bales. The opening stock for the season starting October was estimated at 3.02 million bales, against 2.89 million bales a year ago, it said. The total supply of cotton till the end of the 2024-25 season is estimated at 35.8 mln bales, against 37.2 million bales in the previous season. The association estimated imports in 2024-25 at 2.60 million bales, up from 1.52 million bales in 2023-24. It has pegged exports at 1.70 million bales, against 2.84 million bales a year ago. The water level in 155 key reservoirs in the country fell to 104.580 billion cubic metres as of Thursday from 110.204 billion cubic metres on Feb. 6, according to data from the Central Water Commission. The current level is 58% of the total live storage capacity of 180.852 billion cubic metres. India's pulses imports are likely to fall in 2025-26 (Apr-Mar) owing to better domestic production on the back of a good monsoon, India Pulses and Grains Association Chairman Bimal Kothari told the media at Pulses Conclave 2025.

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17022025 - co