Agri Picks Report November 23, 2023: Geojit

commodities

The Spices Board of India has directed licensed auctioneers to prevent mixing Guatemalan cardamom with Indian cardamom and pooling them in auctions. "Any violations in this regard shall be dealt seriously," according to a circular on Friday. Indian cardamom is of a premium quality compared to that of the central American origin. The Spices Board conducts e-auctions of small cardamom twice every day at Bodinayakanur in Tamil Nadu, and Puttady in Kerala. The Indian government, in 2015, fixed the minimum import price of cardamom at 500 rupees per kg to control the large-scale import of inferior-quality cardamom. India imported 278 tn of small cardamom from April to September in 2023, up from 17.8 tn from the previous year, the commerce ministry data showed.

The area under rabi crops in Karnataka fell 20.4% on year, but rose 12.8% on week, at 1.57 mln ha in the current season as of Saturday, according to a release by the state agriculture department. Farmers in the state had sown crops over 1.98 mln ha in the corresponding period a year ago. The state has set a target of 2.53 mln ha for sowing rabi crops this season and so far 62% of the target area has been covered. Bengal gram, a key crop in the rabi season, was sown over 763,000 ha, down nearly 21% from a year ago. The state has set a target area of 1.01 mln ha for chana sowing for this season. The area under chana has seen a 12% increase from 682,000 ha a week ago. Bengal gram constitutes 48.5% of the total area sown so far during the rabi season in the state. Total area under rabi pulses was 867,000 ha, down from 1.06 mln ha, or 19%, from the previous year. The target area for pulses for the current season has been set at 1.15 mln ha. Karnataka has received scanty rainfall at 99.0 mm in the north-east monsoon as of Nov 18, 39% below the normal of 163.0 mm, the data showed. The state receives 11.5% of its annual rainfall during the north-east monsoon. Wheat, a key rabi crop, was sown over 60,000 ha, down from 110,000 ha as of Saturday, the data showed. Karnataka, the top maize producer, has sown the crop over 50,000 ha, down from 71,000 ha a year ago. The target for area under maize and wheat is set at 140,000 ha and 171,000 ha, respectively. On a weekly basis, the area under maize rose by 10,000 ha from 40,000 ha last week, while that of wheat rose by 11,000 ha from 49,000 ha. The area under rabi cereals has decreased to 551,000 ha, down from 683,000 ha a year ago. The area under oilseeds was at 113,000 ha, down from 162,000 ha in the corresponding period last year. The target for the current season has been set at 253,000 ha. Groundnut, sunflower, and safflower are the key oilseeds grown in the state.

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Agri Picks 23 Nov 23