Agri Picks Report August 23, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Telangana sowed kharif crops over 10.1 mln acres as of Wednesday, down 7% from a year ago, according to data provided by the state's agricultural department. The acreage so far is around 78% of the normal area of 13 mln acres for the entire season. Kharif crops are sown at the beginning of the southwest monsoon season in June, and harvested at the end of the season around October. One acre is around 0.4 ha. The area under paddy, Telangana's largest kharif crop, fell to 4.1 mln acres from 4.3 mln acres a year ago, according to the report. The area under maize was 444,167 acres as of Wednesday, down from 502,303 acres a year ago. Sowing of rain-fed crops such as jowar, bajra, maize, ragi, pulses, groundnut, soybean, and cotton, as well as the transplantation of paddy, is under progress, according to the report. Paddy nurseries are being set up with the help of irrigation facilities, the report stated. The acreage of pulses was 527,288 acres as of Wednesday, against 527,327 acres a year ago. Under pulses, the acreage of redgram or tur was 442,837 acres, down from 455,636 acres a year ago, while the area under greengram, or moong, rose to 64,057 acres from 49,522 acres a year ago. The area under blackgram, or urad, was up at 19,817 acres compared with 19,095 acres a year ago. The area under oilseeds fell to 392,778 acres from 452,248 acres. Under oilseeds, the acreage of soybean was 376,986 acres, down from 443,449 acres a year ago. Groundnut acreage doubled to 12,673 acres as of Wednesday from 6,027 acres a year ago. The area under cotton, the state's secondlargest kharif crop, fell to 4.2 mln acres from 4.5 mln acres a year ago, according to the report. Sugarcane acreage rose sharply to 19,424 acres as of Wednesday from 102 acres a year ago.

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