Agri Picks Report August 12, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Water level in 150 key reservoirs of the country as of Thursday was 115.736 bcm, 65% of the total live storage capacity of 178.784 bcm, according to data from the Central Water Commission. The current water storage is up 7% from a year ago and 21% from the average of the past 10 years. In the northern region, the water level in the reservoirs was 9.076 bcm, 46% of the live storage capacity compared with 77% a year ago. In the eastern region, the water level was 9.642 bcm, 47% of the live storage capacity against 36% a year ago. In the western region, the water level was 23.971 bcm, 65% of the live storage capacity against 66% a year ago. In the central region, the water level was 31.898 bcm, 66% of the live storage capacity. A year ago, the level was 68% of the live storage capacity. In the southern region, the water level was 41.149 bcm, 77% of the live storage capacity compared with 53% a year ago. The water level in reservoirs in Assam, Jharkhand, Odisha, West Bengal, Tripura, Nagaland, Bihar, Maharashtra, Uttar Pradesh, Karnataka, Kerala and Tamil Nadu was higher in percentage terms compared with the same period last year. However, those in Rajasthan, Himachal Pradesh, Punjab, Madhya Pradesh, Gujarat, Uttarakhand, Chhattisgarh, Telangana and Andhra Pradesh were down from last year. Of the 150 reservoirs, 118 reported more than 80% of normal storage, while 32 reported 80% or lower of normal storage levels. Of the 32 reservoirs, 11 had storage up to only 50% of the normal level. Since Jun 1, India has received 556.3 mm of rainfall, 7% above the normal of 518.3 mm for the period, according to the India Meteorological Department. Rainfall during the Jun-Sep period replenishes the water reservoirs across the country.

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12082024 - co