Agri Picks Report March 04, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The area under summer crops in Gujarat stood at 271,470 hectares as of Monday, down 6.4% from 289,981 hectares a year ago, according to a report released by the state agriculture department. Paddy acreage in the state rose 36.3% on year to 106,304 hectares. On the other hand, the acreage of maize fell to 2,968 hectares from 3,124 hectares a year ago, according to the report. The area under bajra was down at 32,529 hectares against 46,271 hectares a year ago. 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 area under moong in the state so far was 6,581 hectares, down from 9,352 hectares a year ago, the report showed. Similarly, the acreage of urad fell to 837 hectares from 2,086 hectares. Groundnut acreage in the state fell to 8,326 hectares from 12,830 hectares a year ago. The area under sesame fell to 16,159 hectares from 19,713 hectares. The acreage of sugarcane rose to 6,718 hectares from 4,909 hectares a year ago, the report showed. The area under onion fell to 870 hectares from 1,542 hectares, while that under vegetables fell to 28,190 hectares from 34,231 hectares.  Turnover of commodity derivatives across Indian exchanges rose 13.1% from a month ago to INR 58.55 trillion in January, the Securities and Exchange Board of India said in its monthly bulletin. The turnover in January increased on three exchanges, the report showed. The turnover of derivatives trading on the Multi Commodity Exchange of India rose nearly 13% on month to INR 57.17 trillion and that on the BSE was nil in January. The turnover in futures contracts on MCX during Apr-Jan of 2024-25 (Apr-Mar) was up 16.7% on year at INR 58.22 trillion. The turnover on options during the same period was up 77.7% on year at INR 402.8 trillion. Options turnover is based on notional value, the report said. The turnover on commodity derivatives on the National Commodity and Derivatives Exchange rose 19.4% to INR 134.45 billion in January. The turnover on futures contracts on NCDEX during Apr-Jan fell 42.3% on year to INR 1.19 trillion. The turnover on options during the same period was INR 88 billion. The turnover on the National Stock Exchange was up 21% from the previous month at INR 1.25 trillion in January. The MCX accounted for 97.6% of the turnover in January, followed by the NSE at 2.1%, and the NCDEX at 0.2%. The share of farm commodities in the overall turnover was nearly 0.2% and that of non-agricultural commodities was 99.8%, the regulator said. The overall turnover of the agri segment increased 10.4% on month to INR 109.5 billion in January and that of the non-agri segment was up 14% on month at INR 58.44 trillion. The share of futures and options contracts in the overall turnover was 10% and 90%, respectively. The overall turnover of futures rose 9% on month to INR 6 trillion in January, while that of options rose 14.6% on month to INR 52.5 trillion.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

04032025 - co