Agri picks report August 09, 2024: Geojit Financial Services

According to Geojit, paddy, maize, tur, groundnut, and cotton are the major crops grown in the state during the kharif season. Tur acreage increased by 46.7% on year to 132,000 ha, with the target set at 254,000 ha for the season.

Broker Research

August 09, 2024 / 09:14 IST

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers of Andhra Pradesh have sown kharif crops across 1.6 mln ha as of Wednesday, up 3.4% from the corresponding period last year, according to the state's acreage report released on Wednesday. The target area set for the current kharif season is 3.4 mln ha. Paddy acreage increased by 5.4% on year to 723,000 ha. The current paddy acreage is 48% of the normal acreage of 1.5 mln ha. The target area set for paddy is 1.6 mln ha for the current kharif season. The area under maize was 87,000 ha compared to 80,000 ha last year, according to the report. Kharif crops are sown during the first rains of the southwest monsoon season around June and harvested at the end of the season around October.The area covered under food grains saw an increase of 11% on year to 1 mln ha, with the target set at 2.1 mln ha for the season, as per the report.

Paddy, maize, tur, groundnut, and cotton are the major crops grown in the state during the kharif season. Tur acreage increased by 46.7% on year to 132,000 ha, with the target set at 254,000 ha for the season. The area covered under groundnutwas 222,000 ha, down 14.3% on year, with a target of 592,000 ha for the season. The area covered under oilseeds fell nearly 14% on year to 259,000 ha, with the target set at 658,000 ha for the season, as per the report. Cotton acreage rose slightly to 324,000 ha from 322,000 ha, with the target set at 587,000 ha for the current kharif season, the report said. The state has received excess rainfall since the start of the current monsoon season. The rainfall in the state was 30% above normal, at 370.4 mm till Wednesday.

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