Agri Picks Report January 03 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Arrivals of the new kharif tur crop in spot markets across the country rose 78% on year in December, to 84,130.33 tonnes from 47,154.63 tonnes in December 2023, according to the India Pulses and Grains Association. Arrivals in Karnataka were the highest, with 31,517 tonnes, up 103% on year from 15,502 tonnes last year, the association said. In Karnataka, arrivals in the district of Raichur were highest, at 12,929 tonnes, up from 3,861 tonnes last year. Maharashtra had the second-highest arrivals of the new kharif tur at 26,725.58 tonnes, up sharply by 135% on year from 11,359 tonnes last year, according to the data. The district of Amravati in the state has the highest arrivals at 8,103.83 tonnes, up from 411 tonnes a year ago. Kharif tur arrivals in Telangana fell 6% on year to 8,642.78 tonnes from 9,156.68 tonnes a year ago. December arrivals of the new tur in Madhya Pradesh rose substantially by 254% on year to 6,780.08 tonnes from 1,912.7 tonnes last year, while that in Uttar Pradesh fell 8% on year to 5,156.4 tonnes from 5,609 tonnes received in December 2023. Arrivals of the major kharif pulse in Andhra Pradesh were up by a whopping 294% on year to 3,322.4 tonnes from 843.7 tonnes a year ago. On other hand, Gujarat saw a fall in new tur arrivals by 33% on year to 1,575.5 tonnes from 2,357.03 tonnes last year. Other states accounted for 410.59 tonnes of arrivals of the new kharif tur in December, down nearly 1% on year from 414.52 tonnes a year ago, the data showed. Mills in the country produced 9.54 million tonnes of sugar from Oct 1 to Dec 31, down 15.6% on year, the Indian Sugar & Bio-energy Manufacturers Association said in a press release Thursday. A total of 493 mills were operational across the country as of Dec 31, down from 512 a year ago, the association said. According to the industry body, mills in Maharashtra--the top manufacturer of the commodity--produced 3.0 million tonnes of sugar, compared with 3.82 million tonnes a year ago. The output of mills in the second-largest producer, Uttar Pradesh, was 3.3 million tonnes, down 4.5% from a year ago. Production by mills in Karnataka fell to 2.04 million tonnes from 2.49 million tonnes a year ago.

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03012025 - co