Agri Picks Report February 11, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The country's horticulture crop output for 2024-25 (Jul-Jun) has been pegged at 362.1 million tonnes, 2.1% higher on year, according to the first advance estimate released by the Department of Agriculture and Farmers' Welfare. In 2023- 24, the country's horticulture output was at 354.7 million tonnes. Above-normal rainfall during the southwest monsoon in 2024-25 aided the production of crops grown during both kharif and rabi crops. Staggered rainfall during this period also generally helps rabi crops by increasing soil moisture and replenishing reservoir levels. During the southwest monsoon, from Jun. 1 to Sep. 30, the country recorded 8% above normal precipitation at 934.8 mm over a normal of 868.6 mm for the season. The total vegetable output for this crop year has been pegged at 214.6 million tonnes, up 3.6% on year. The vegetable output estimate for this year is also higher than 2022-23 final estimate of 212.5 million tonnes. Onion production for this year is seen at 28.9 million tonnes, up 19% on year. Potato production has been projected at 59.6 million tonnes, up 4.4% on year, while that of tomato is at 21.5 million tonnes, up 1% on year, according to the estimates. The government has estimated coriander output at 869,000 tonnes for the current year, nearly 4% higher from last year's production. Cumin, also known as jeera, has been pegged at 724,000 tonnes, down 19% on year. Turmeric production for 2024-25 is estimated at 1.12 million tonnes, up nearly 5% on year. Meanwhile, total output of fruits for 2024-25 has been pegged at 113.2 million tonnes, up 0.2% on year.

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