Agri Picks Report February 05, 2024: Geojit

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Geojit's report on Agri Picks

The area under rabi crops across the country was 70.93 mln ha as of today, marginally higher than 70.91 mln ha a year ago, according to final area under coverage data from the Ministry of Agriculture and Farmers Welfare. The acreage of wheat, the major rabi crop, was 0.7% higher on year at 34.2 mln ha, according to the data. In India, wheat is sown only in the rabi season, and is the most important crop. The area under rabi paddy was 2.7% lower on year at 3.93 mln ha so far, while that under pulses was 3.7% lower on year at 16.0 mln ha, the data showed. Maize acreage was up 2% on year at 2.3 mln ha as of today, the data showed. Informist on Wednesday reported that the Food Corp of India sold 7.1 mln tn wheat and 162,000 tn rice under the Open Market Sales Scheme through weekly electronic auctions since June. Among pulses, the acreage of chana was at 10.47 mln ha, down 5.4% from a year ago. Chana is a major variety of pulse grown in the rabi season. As of today, the all-India daily average consumer wholesale price of chana dal was up 13.8% on year at 7,287.61 rupees per 100 kg, according to the consumer affairs department. The area under oilseeds rose marginally to 11.1 mln ha from 11.0 mln ha, according to the data. Mustard acreage was 10.04 mln ha, up 2.5% from a year ago. Farmers have been sowing more mustard compared to other crops, as it is more remunerative. Farmers in Andhra Pradesh have sown rabi crops over 1.39 mln ha as of Jan 31, down 14.5% from 1.63 mln ha a year ago, according to state government data. So far, nearly 61% of the targeted rabi crop area of 2.3 mln ha in the state has been covered, the data showed. The acreage of Bengal gram was down 15% on year at 280,000 ha, the data showed. The area under black gram, also known as urad, was down 16.5% on year at 213,000 ha from 255,000 ha last year, the data showed. The area under pulses was down 14% on year at 583,000 ha. Bengal gram, black gram, maize, tobacco, and peanuts are the major rabi crops grown in the state. So far, Andhra Pradesh has not received rainfall during winter, while the state normally receives 15.9 mm of rain in this season, the data showed. Farmers in Andhra Pradesh have sown paddy over 456,000 ha as of Jan 31, down from 551,000 ha in the previous year. The targeted area for the crop is 820,000 ha in the current season. Rabi paddy is currently at transplantation stage, according to the state government's report. Jowar's acreage was up at 81,000 ha from 51,000 ha a year ago, data showed. Maize was sown over 117,000 ha, lower than 182,000 ha in the previous year. Jowar, maize, bajra, and ragi crops are at the harvesting stage, the government's report said. The area under food grains was down at 1.24 mln ha from 1.47 ha a year ago, and coarse grain cultivation was at 205,000 ha, down from 240,000 mln ha in the previous year. Oilseed acreage fell to 75,000 ha from 99,000 ha a year ago, according to the report. The target for oilseeds is 142,000 ha for the current season. Groundnut was sown over 57,000 ha, lower than 81,000 ha a year ago. The water level in major reservoirs in the state as of Jan 31 was 250.78 bln cu ft, down from 533.40 bln cu ft a year ago, according to government data.

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