Agri Picks Report February 19, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The value of India's rice exports in January rose 44.6% on year to $1.4 billion, while import of pulses soared 144.6% on year to nearly $756 million, according to data released by the Ministry of Commerce and Industry on Monday. Exports of other cereals, cashew, coffee, tobacco, tea, gems and jewellery, fruits and vegetables, meat, dairy, and poultry products rose in January, while those of petroleum products, iron ore, oilseeds, and oil meals fell, the data showed. Imports of cotton raw and waste, gold, silver, vegetable oil, and fruits and vegetables rose, while those of coal, coke and briquettes, petroleum crude and products, pearls, precious and semi-precious stones fell in January. The country's exports of other cereals rose substantially by 103.2% on year to $28.4 million in January, according to the data. Cashew exports were up 6.9% on year at $34.9 million, while coffee exports rose 57.1% on year to $115.7 million. Exports of tea stood at $79.1 million, up nearly 22% on year, and tobacco exports rose 59.2% on year to $168.3 million, the data showed. India's exports of fruits and vegetables in January rose slightly by 0.8% on year to $303.2 million, while exports of meat, dairy, and poultry products were at $515.5 million, up 35.7% on year. The country's exports of gems and jewellery stood at $3.0 billion, up by nearly 16% on year. The value of oilseeds exports fell 6.5% on year to $117.5 million, while that of oil meals fell 40.8% on year to $102.8 million, according to the data. India's imports of cotton raw and waste rose a whopping 520.3% on year to $121.7 million in January, according to the data. The value of the country's imports of vegetable oil was $1.4 billion, up 11.4% on year, the data showed. Imports of fruits and vegetables in January stood at $318.7 million, up nearly 34% on year.

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