Agri Picks Report February 01, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The Economic Survey for 2024-25 (Apr-Mar), tabled in Parliament by Finance Minister Nirmala Sitharaman on Friday, noted that challenges such as climate change and water scarcity threaten the stability of India's agricultural sector and require targeted, region-specific interventions. The survey document highlighted that while the agriculture sector has shown remarkable resilience, with stable growth fostered by government initiatives, promoting agricultural practices tailored to local agroclimatic conditions and available resources is crucial. Investment in research, climate-resilient crop varieties, and waterefficient technologies like micro-irrigation can yield long-term benefits. Additionally, the integration of digital tools into farming practices could enhance productivity, helping the sector adapt to evolving environmental conditions, it said. Rabi sowing in Telangana was up 22% at 5.8 million acres as of Jan. 29, from 4.7 million acres during the same period last year, according to a release by the Department of Agriculture, Telangana. The normal acreage for the season in the state is 6.35 million acres (1 acre = 0.4 hectares), of which 91% has been covered, the report said. Acreage under maize was up nearly 34% on year at 662,093 acres as of Jan. 29, from 494,612 acres during the same period last year. Paddy acreage for the same period was 4.4 million acres, up from 3.5 million acres sown a year ago, the report showed. The area sown under jowarin the state was 158,613 acres, up from 146,420 acres last year. Rabi crops in Telangana are sown between October and December after the monsoon is over, and harvested between February and May. However, sowing started late this year because of a delay in withdrawal of the southwest monsoon, which in turn delayed the harvest of kharif crops. Chana acreage in the state so far is down at 218,420 acres compared with 251,177 acres a year ago. On the other hand, the acreage under black gram, or urad, is up at 41,921 acres from 31,239 acres last year. Total area sown under all pulsesso far was 275,536 acres, down from 302,787 acres a year ago, according to the report. Total area sown under all oilseeds as of Wednesday was up at 248,411 acres from 238,854 acres last year, the report showed. The acreage under groundnut was 226,890 acres, up from 198,987 acres a year ago. Tobacco acreage in the state so far was up at 13,144 acres from 7,231 acres in the same period last year, according to the report. Most crops are in the seedling to vegetative stage, the report said. Paddy sowing is in progress and the earlysown groundnut crop is in the flowering to ripening stage, it said. The water level in reservoirs across Telangana was 634.83 billion cubic metres as of Wednesday, compared with 375.61 billion cubic metres a year ago, according to the report.

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01022025 - co