Agri Picks Report December 31, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The water level in 155 key reservoirs in the country fell to 135.404 billion cubic metres as of Thursday from 139.392 billion cubic metres on Dec. 19, data from the Central Water Commission showed. The current level is 75% of the total live storage capacity of 180.852 billion cubic metres. However, the water level as of Thursday was up 24% from a year ago and was 19% higher than the normal storage for the period, according to the data. The normal storage is the average storage for the preceding 10 years. India received an average rainfall of 3.2 millimetre in the week ended Wednesday, 11% above the normal of 2.9 millimetre for the period, the India Meteorological Department said. Two homogenous regions of the country got higher than normal rainfall, while other two regions got deficient rain during the week, the weather bureau said. Central India received a whopping 487% above normal rainfall during the week at 4.1 millimetre. Odisha received 3,725% above normal rainfall at 26.8 millimetre, while Chhattisgarh got 252% more showers than normal at 2.5 millimetre. South peninsular India recorded 7.4 millimetre of rain, 61% higher than the normal rainfall for the period, the data showed. Rainfall in east and northeast India was down 80% during the week at 0.5 millimetre. Northwest India received 78% below normal rainfall at 0.9 millimetre during the week, the agency said. Of the 36 sub-divisions in the country, rainfall was 'deficient' in six and 'large deficient' in 12 during the week. Rainfall was 'large excess' in seven and 'excess' in two sub-divisions. One sub-division received normal rain and eight sub-divisions received no rain at all during the week. Since Oct. 1, India has received 108.9 millimetre of rainfall, 8% below the normal of 117.9 millimetre for the period.

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31122024 - co