Agri Picks Report July 25, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

Farmers in Gujarat have sowed kharif crops across 6.3 mln ha as of Monday, down 8.4% from the previous year, according to the state acreage report. Kharif crops are sown at the beginning of the first rains during the southwest monsoon season around June, and harvested at the end of the monsoon season around October. The area under cotton has fallen 15% on year to 2.2 mln ha, the report showed. Earlier in July, Informist reported that cotton acreage in Gujarat and parts of northern India, during the current kharif season, has seen a substantial decline with farmers shifting to more lucrative crops like oilseeds. In Gujarat, cotton sowing is likely to decline by 12-15% this year, Informist quoted Atul Ganatra, president of the Cotton Association of India, as saying. According to the state's acreage report, the area under oilseed crops has risen by nearly 5% to 2.2 mln ha. Under oilseeds, groundnut acreage has risen nearly 14% to 1.8 mln ha and soyabean has been sowed across 285,811 ha, against 259,157 ha. Cotton, groundnut, paddy, and maize are the key crops grown during the kharif season. The area under paddy has fallen to 415,029 ha from 487,794 from a year ago, the report showed. However, the area under maize has seen a slight increase by 0.8% to 274,456 ha. The area under pulses has also declined nearly 9% on year to 253,697 ha. Under pulses, tur acreage has seen a 5.2% increase while urad acreage has fallen by 16.3%, the report showed.

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