Agri Picks Report August 19, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Telangana sowed kharif crops over 9.4 mln acres as of Wednesday, down nearly 7% from a year ago, according to the state's kharif acreage report. The acreage as of now is nearly 73% of the normal area of 13 mln acres for the entire season. One acre is around 0.40 ha. Kharif crops are sown during the first rains of the southwest monsoon around June, and harvested at the end of the monsoon around October. The acreage under paddy, Telangana's largest kharif crop, was down to 3.4 mln acres from 3.5 mln acres a year ago. The area sown under maize was also down to 428,517 acres from 502,303 acres a year ago, the report said. Sowing of rainfed crops like jowar, bajra, maize, ragi, pulses, groundnut, soybean, cotton, etc and the transplantation of paddy is under progress, the report said. The report also said paddy nurseries are being raised under irrigation sources. The area sown under pulses was 517,861 acres, down from 527,327 acres a year ago. Redgram or tur, the major pulse in the state, was down to 434,476 acres from 455,636 acres last year. The acreage under greengram, or moong, rose to 63,246 acres from 49,522 acres a year ago, the report said. The acreage under blackgram, or urad, also rose to 19,664 acres from 19,095 acres a year ago. The area sown under oilseeds was down to 391,077 acres from 452,248 acres a year ago, the report said. Under oilseeds, the acreage under the state's largest oilseed, soybean, was down to 376,959 acres from 443,449 acres last year. The area sown under groundnut was 11,334 acres, up from 6,027 acres a year ago. The acreage under cotton, the state's second-largest crop, was down to 4.2 mln acres from 4.5 mln acres a year ago. The acreage under sugarcane rose to a whopping 18,133 acres from 102 acres the corresponding period a year ago.

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19082024 - co