Agri Picks Report February 26, 2024: Geojit

commodities

Geojit's report on Agri Picks

The area under rabi crops in Telangana was 6.3 mln acres (1 acre = 0.40 ha) as of Wednesday, 8.2% lower than 6.85 mln acres a year ago, according to data from the state government. The acreage so far accounts for 114.5% of the normal rabi crop area of 5.5 mln acres for the entire season, the data showed. The area under pulses fell 26% on year to 317,824 acres. Acreage of Bengal gram was down nearly 29% on year at 255,193 acres. The normal rabi acreage for pulses is 421,163 acres. Maize, Bengal gram, jowar, and groundnut are the main rabi crops grown in the state. The total area under major millets, which includes jowar, bajra, maize, and ragi, rose to 847,697 acres from 747,344 acres a year ago, the data showed. Maize was sown over 624,849 acres, slightly more than 624,121 acres a year ago. The season's normal area for maize is 511,521 acres, and it covers the maximum area under major millets, as per data. Jowar, the second-major millet in the state, was sown over 219,434 acres, nearly 84.3% higher than 119,002 acres a year ago. Paddy sowing fell 10% on year to 4.78 mln acres. The season's normal acreage is 4.05 mln acres. The area under food grains fell 8% on year to 5.96 mln acres. Oilseed acreage was at 265,813 acres, down from 307,172 acres a year ago. Groundnuts accounted for 78.3% of the total oilseed acreage at 208,283 acres, down from 241,184 acres a year ago. The normal area for oilseeds in the season is 371,037 acres. Telangana received scanty rainfall at 0.1 mm in February, and so far, the cumulative rainfall in the year has been normal at 913.9 mm, the data showed. The water level in major reservoirs in the state as of Wednesday was 308 bln cu ft, down from 491.28 bln cu ft a year ago, according to government data. The area under summer crops in Maharashtra fell nearly 30% on year to 57,088 ha as of Tuesday, according to data published by the state agriculture department. During the same period last year, the summer crop acreage across the state was 81,496 ha. The average acreage for the five years from 2016-17 to 2020-21 for summer crops is 349,759 ha, the data showed. The area under pulses was at 1,048 ha, up from 702 ha a year ago. The area under moong surged to 886 ha from 359 ha a year ago, the data showed. Maharashtra is the third-largest producer of moong. The total area under cereals fell to 48,529 ha from 69,912 ha a year ago. The acreage under rice, the second major summer crop, was at 40,633 ha, down from 55,020 ha a year ago. The state's five-year average acreage for rice is 83,011 ha. The area under maize fell to 3,891 ha from 7,876 ha a year ago. Acreage under oilseeds fell to 7,512 ha from 10,881 ha a year ago, according to the data. Groundnut, the major summer crop, was sown across 6,336 ha, down from 8,172 ha a year ago. The five-year average acreage for the crop is 90,605 ha, the data showed. Soybean acreage plunged to 46 ha from 975 ha a year ago. As of Friday, the water level in the state's dams was 47.98% of the capacity compared with 60.86% a year ago, according to data from the state water resources department.

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