Agri Picks Report December 09, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The UN Food and Agriculture Organization's Food Price Index rose 0.5% on month to 127.5 points in November, reaching its highest value since April 2023, the organisation said in a report. This is mainly due to an increase in prices of vegetable oils and dairy products, which slightly outweighed declines in meat, cereals, and sugar quotations. The Food Price Index in November was 5.7% higher than a year ago but 20.4% below its peak of 160.2 points touched in March 2022, the organisation said in the report. Farmers in Rajasthan have sown rabi crops over 9.9 million hectares as of Monday, up 10.1% on year from 9.0 million hectares in the corresponding period last year, according to a state agriculture department report. Wheat acreage in the state was 2.5 million hectares, up 23.6% on year from 1.9 million hectares a year ago. The area under barley was 354,650 hectares, up from 322,020 hectares sown a year ago. The acreage under chana so far was 1.9 million hectares, up from 1.8million hectares sown a year ago, according to the report. The total area sown under all pulses rose to2.0 million hectares from 1.8 million hectares a year ago. The area sown under rapeseed and mustard as of Monday was 3.3 million hectares, down from 3.5million hectares sown in the same period last year, the report showed. The total acreage under all oilseeds fell to 3.4 million hectares from 3.6 million hectares a year ago. Rabi crops are sown during Oct-Nov after the monsoon rains are over, and are harvested between April and May. Barley, wheat, gram or desi chana, and oil seeds such as rapeseed and mustard, are the key crops grown in the state during the rabi season. Rajasthan's target for rabi sowing this season is 12.0 million hectares.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

09122024 - co