Agri Picks Report August 14, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

The area under kharif crops in Gujarat was 7.7 mln ha, down 4.2% on year, as of Monday, according to the state kharif acreage report. The normal area covered, which is the average of the last three years, was 8.5 mln ha. The area under cotton, one of the key kharif crops of the state, fell 14% on year to 2.3 mln ha, as per the report. Cotton, groundnut, paddy, and maize are the major kharif crops of the state. Groundnut acreage increased by 16.8% on year to 1.9 mln ha. Area under soyabean increased 12% on year to 298,373 ha. The total area under oilseeds was 2.5 mln ha, up 4% on year, as per the report. Kharif crops are sown at the beginning of the southwest monsoon season around June and harvested at the end of the season around October. The area under cereals decreased by 2.5% on year, to 1.3 mln ha. The current acreage for cereals is 97.1% of the normal acreage for the season. The area under paddy decreased by 1.4% on year to 842,255 ha while the area under maize increased marginally by 0.9% on year to 284,771 ha. Tur acreage increased by 9% on year to 213,357 ha. The normal tur acreage for the season is 227,413 ha. Area under urad was 81,072 ha as against 77,934 ha for the corresponding period last year. The total area under pulses grew by 3.2% on year to 360,666 ha. The state has received 522 mm rain as of Monday, 9% more than the normal amount.

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