Agri Picks Report August 16, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

Farmers in Maharashtra have sown kharif crops over 14.4 mln ha as of Tuesday, nearly 4% higher than the corresponding period last year, according to the state agricultural department. The kharif acreage last year was 13.9 mln ha. Kharif crops are sown at the beginning of the southwest monsoon around June and harvested at the end of the monsoon around October. The area sown under rice fell to 1.3 mln ha from 1.4 mln ha last year. The acreage under food grains rose to 4.9 mln ha from 4.4 mln ha a year ago. The acreage under pulses so far is 1.9 mln ha, up from 1.6 mln ha a year ago, the report said. The area sown under maize rose to 1.1 mln ha from 870,949 ha a year ago. The acreage under cotton fell to 4.1 mln ha from 4.2 mln ha a year ago. The area sown under sugarcane also fell to 169,572 ha from 242,028 ha last year. The acreage under soybean rose to 5 mln ha from 4.9 mln ha a year ago. The water level in dams in Maharashtra is at 68.2% as of Wednesday compared with 60.6% a year ago, according to data from the state water resources department.

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