&w=3840&q=100)
Rice output may hit record 151 million tonnes in 2025-26 season: USDA
India's rice production in the coming 2025-26 crop marketing season is estimated to touch an all-time high of 151 million tonnes, said the United States Department of Agriculture (USDA).
This would be due to early monsoon onset, abundant precipitation in the soil and the government's higher minimum support price (MSP) for farmers, it said in its latest assessment.
In its May assessment, the USDA had pegged 2025-26 rice output at 148 million tonnes (MT), making India the world's largest producer, surpassing China, which produced 146 MT.
The June assessment shows that the crop size could be even higher in 2025-26.
The government's official estimate had pegged 2024-25 (July 2024 to June 2025) rice production at 149 million tonnes, according to the third advance estimate released a few weeks ago.
The latest assessment also shows that India is expected to export a record 25 million tonnes of rice in the world markets in 2025-26. This would be up from 24 million tonnes projected in May.
The USDA comes out with monthly projections on world supplies of major agriculture commodities. The present estimate of milled rice production in India is based on the June assessment.
Among other crops, the USDA said India's wheat production in 2024-25 has been raised to 117.5 million tonnes in line with the third advance estimate of the government.
The optimism on rice production in 2025-26 is mainly fuelled by early onset of southwest monsoon this year and the 'above-normal' forecast.
The Met department — in its second forecast for the 2025 monsoon season last month — said that rains are expected to be 106 per cent of the Long Period Average (LPA). This is up from the April prediction of 105 per cent of the LPA.
The LPA of the monsoon rainfall over the whole country for 1971-2020 is 87 cm.
Not only that, the Met department said that monsoon in almost all the homogenous regions of the country except North-East and parts of Bihar would be normal to above-normal this year.
Only Arunachal Pradesh, Assam and Meghalaya could get 'below normal' rains this year, the IMD's regional forecast said.
A few weeks ago, the Centre raised the MSP of paddy for the 2025-26 season by a modest 3 per cent, the lowest in five years. The hike was modest as the government granaries are filled with rice.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
2 days ago
- Business Standard
Rice output may hit record 151 million tonnes in 2025-26 season: USDA
India's rice production in the coming 2025-26 crop marketing season is estimated to touch an all-time high of 151 million tonnes, said the United States Department of Agriculture (USDA). This would be due to early monsoon onset, abundant precipitation in the soil and the government's higher minimum support price (MSP) for farmers, it said in its latest assessment. In its May assessment, the USDA had pegged 2025-26 rice output at 148 million tonnes (MT), making India the world's largest producer, surpassing China, which produced 146 MT. The June assessment shows that the crop size could be even higher in 2025-26. The government's official estimate had pegged 2024-25 (July 2024 to June 2025) rice production at 149 million tonnes, according to the third advance estimate released a few weeks ago. The latest assessment also shows that India is expected to export a record 25 million tonnes of rice in the world markets in 2025-26. This would be up from 24 million tonnes projected in May. The USDA comes out with monthly projections on world supplies of major agriculture commodities. The present estimate of milled rice production in India is based on the June assessment. Among other crops, the USDA said India's wheat production in 2024-25 has been raised to 117.5 million tonnes in line with the third advance estimate of the government. The optimism on rice production in 2025-26 is mainly fuelled by early onset of southwest monsoon this year and the 'above-normal' forecast. The Met department — in its second forecast for the 2025 monsoon season last month — said that rains are expected to be 106 per cent of the Long Period Average (LPA). This is up from the April prediction of 105 per cent of the LPA. The LPA of the monsoon rainfall over the whole country for 1971-2020 is 87 cm. Not only that, the Met department said that monsoon in almost all the homogenous regions of the country except North-East and parts of Bihar would be normal to above-normal this year. Only Arunachal Pradesh, Assam and Meghalaya could get 'below normal' rains this year, the IMD's regional forecast said. A few weeks ago, the Centre raised the MSP of paddy for the 2025-26 season by a modest 3 per cent, the lowest in five years. The hike was modest as the government granaries are filled with rice.
Fibre2Fashion
2 days ago
- Fibre2Fashion
USDA cuts global cotton output, ending stock & consumption for 2025â26
In the June World Agricultural Supply and Demand Estimates (WASDE) report, the US Department of Agriculture (USDA) has revised downward the world cotton balance sheet for the 2025–26 marketing year. World production is reduced by over 800,000 bales, as a 1-million-bale increase for China is more than offset by declines in India, the United States, and Pakistan. Global cotton production is now projected at 116.99 million bales, compared to 117.81 million bales in the May report. Global cotton consumption for 2025–26 is reduced by more than 300,000 bales to 117.76 million bales. Although consumption is expected to rise in Egypt, it is more than offset by reductions in India, Turkiye, and Bangladesh, with minor changes in other countries. Global exports are lowered by 40,000 bales, with largely offsetting revisions in trade. USDA's June WASDE report revises the 2025â€'26 global cotton outlook downward, cutting production to 116.99 million bales due to lower output in India, the US, and Pakistan. Consumption and trade are also reduced. US production is forecast at 14 million balesâ€'its second lowest in a decadeâ€'amid poor Delta weather. Ending stocks for both global and US markets are lowered. Beginning stocks for 2025–26 are cut by over 1.1 million bales to 77.29 million bales, primarily due to a 1-million-bale reduction in India's 2024–25 crop. Consequently, global ending stocks for 2025–26 are reduced by nearly 1.6 million bales to 76.80 million bales, reflecting both the lower beginning stocks and a larger drop in production than in consumption. The US cotton balance sheet for 2025–26 is also revised to reflect lower production, beginning stocks, and ending stocks, while consumption, imports, and exports remain unchanged from last month. Harvested area is reduced by 2 per cent to 8.19 million acres due to excessive rainfall and delayed planting in the Delta region. The national average yield for 2025–26 is lowered by more than 1 per cent from last month to 820 pounds per harvested acre, also due to adverse conditions in the Delta. As a result, the production forecast is reduced by 500,000 bales to 14 million bales—below the 14.4 million bales produced in 2024–25—marking the second smallest crop in the past decade. Beginning stocks for 2025–26 are reduced by 400,000 bales following an increase in projected exports for 2024–25. As a result, ending stocks for 2025–26 are lowered by 900,000 bales to 4.3 million bales, with a stocks-to-use ratio of 30.3 per cent. The projected season-average price for 2025–26 remains unchanged this month at 62 cents per pound. Fibre2Fashion News Desk (KUL)
Mint
3 days ago
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 12 June
Indian stock market benchmarks, the Sensex and the Nifty 50, ended with modest gains on Wednesday amid a lack of major cues. The Sensex closed 123 points, or 0.15 per cent, higher at 82,515.14, while the Nifty 50 settled with a gain of 37 points, or 0.15 per cent, at 25,141.40. Mid and small-cap segments ended mixed. Trade Brains Portal recommends two stocks, one from the sugar sector and another from the microfinance sector. Stocks to trade today, recommended by Trade Brains Portal for 12 June: Dalmia Bharat Sugar & Industries Ltd (Current price: ₹ 437) It has a total cane crushing capacity of 43,200 tonnes of cane per day (TCD), which makes it one of the leading sugar producers in the country. It is now a fully integrated player with 126 MW of cogeneration capacity and a distillery of 850 KLPD or kilo liters per day along with incineration boilers. In FY25, the company reported revenue from operations of ₹3,746 crore, reflecting a robust YoY growth of 29%. Its EBITDA stood at ₹544 crore, and PAT at ₹387 crore. The company achieved an all-time high domestic sugar sales volume of 5.9 LMT (lakh metric tonne), leading to a significant reduction in year-end sugar inventory to 3.8 LMT, down from 4.3 LMT in FY24. It reported an all-time high average sales realization of ₹38/kg. The grain distillery delivered 6.2 crore litres in FY25, a significant increase of 72% YoY, driven by capacity expansion. The company has reported an increase of 22% in domestic sales from 1.1 lakh MT in Q3 FY25 to 1.4 lakh MT in Q4 FY25 and a 100% jump in export sales to 0.1 lakh MT as compared to the previous quarter. India is the world's largest producer of sugar, with Uttar Pradesh being the leading sugarcane producer, followed by Maharashtra and Karnataka, and the third largest exporter of sugar in the world. The USDA (United States Department of Agriculture) projected the sugar production of India to touch 35 million metric tonne raw value (MMT-RV) for the year 25-26 (marketing year), which reflects a 26% increase compared to the revised 28 million-ton estimate for the current year. Also Read: Rally in SBI Card may have priced in improved outlook CreditAccess Grameen Ltd (Current price: ₹ 1,222) The company has been growing its AUM at a healthy rate of 18% CAGR since FY21. It has a controlled cost of borrowings due to a diversified borrowing profile, which lets the company enjoy a net interest margin (NIM) of 12.9% in FY25. It has successfully controlled its cost-to-income ratio; the company reduced it from 38.1% in FY21 to 30.7% in FY25. Although there was a dip in profit due to increased provisioning, the company still sees good growth in its pre-provisioning profit, which grew by 10.3% YoY. The company is planning to increase its retail finance segment contribution and increase the retail portfolio to 10%-15% of the AUM by FY28. Due to conservative provisioning and strong risk management capabilities, even in adverse situations like over-leveraged borrowers, political movements, and disruption of operations in Karnataka due to the implementation of the microfinance bill, the company stood at a reasonably good asset quality, with NNPA of 1.73%. Management gave guidance on gross loan portfolio (GLP) growth of 14-18% for FY26, with NIM expected to be stable at 12.6-12.8%. Market Recap The Nifty 50 ended the day upside after opening above the 20-day EMA today at 25,134.15, rising to 25,222.40, and closing at 25,141.40. The BSE Sensex showed a positive trend, rising 123.42 points, or 0.15%, from the opening of 82,473.02 to its closing at 82,515.14. With the Nifty 50 RSI at 62.26 and the BSE Sensex RSI at 60.67 (far below the overbought threshold of 70), both indices were trading above all four EMAs (20/50/100/200). Both the benchmark indices held gains mildly due to profit bookings also remaining positive, driven by monetary policy and global cues, one of which is US-China trade talks, encouraging the market reaction. The Nifty Oil & Gas index was the biggest gainer on the sectoral front, closing at 11,725.50, up 169.30 points, or 1.47%. The key oil and gas companies, such as GAIL, Bharat Petroleum, Hindustan Petroleum, and Oil India, saw gains of up to 6.5%. This comes after the major state-run refineries plan to build the fuel transportation infrastructure by ordering ten domestically built vessels to transport fuel throughout the nation. Later this year, a joint tender for medium-range vessels worth approximately $600 million will be issued, with deliveries starting in 2028. The Nifty IT index closed at 38,784.30 after rising 484.35 points, or 1.26%. Wipro, Tech Mahindra, Infosys, and HCL Technologies were leaders in this sector, with gains of up to 3.3%. The Nifty PSU Bank index, on the other hand, closed at 7,107.75 after falling -63.10 points, or -0.88%. The index declined as a result of losses of more than 2% at Punjab and Sind Bank, 1.91% at Indian Overseas Bank, and 1.85% at Bank of India. Furthermore, the Nifty FMCG Index ended the day lower at 55,820, down -378.20 points, or -0.67%. The US-China trade talks resulted in an agreement, and Asian markets responded well on Wednesday. In the Asia-Pacific markets, the Hang Seng index in Hong Kong gained 0.84%, or 204.07 points, to close at 24,366.94, while the Kospi index in South Korea maintained its upward trend, rising 1.23%, or 35.19 points, to close at 2,907.04. The Shanghai index rose 0.52%, or 17.5 points, to close at 3,402.32, and the Nikkei 225 in Japan gained 0.55%, or 209.68 points, to close at 38,428.19. The US Dow Jones Futures fell -81 points, or -0.2%, to close at 42,824, reflecting investors' lukewarm response over the new trade deal between the US and China was observed in the US market, as attention is still focused on the monthly reading of US consumer prices, which is crucial for assessing inflation and the effects of the punishing tariffs imposed by US President Donald Trump. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
