Agri Picks Report January 09, 2024: Geojit

commodities

Geojit's report on Agri Picks

The area under rabi crops in Maharashtra has fallen nearly 9% on year to 4.73 mln ha in the current season as of Dec 29, from 5.19 mln ha a year ago, according to data published by the state agriculture department. So far, 88% of the average rabi crop area of 5.4 mln ha in the state has been covered. Acreage of gram, a key rabi crop in the state, fell to 2.24 mln ha from 2.59 mln ha a year ago, the data showed. The area under pulses was at 2.33 mln ha, down from 2.70 mln ha a year ago. Gram, wheat, safflower, mustard, and sorgum are the major rabi crops in the state. Wheat acreage was at 747,140 ha, down from 901,983 ha a year ago. The area under jowar rose nearly 10% on year to 1.34 mln ha. The total area covered under cereals fell 3.5% on year to 2.35 mln ha. Oilseed acreage rose to 52,668 ha from 52,241 ha a year ago, according to the report. Safflower was sown across 36,993 ha, up from 28,761 ha a year ago. However, sunflower acreage fell to 1,449 ha from 4,431 ha last year. As of Monday, the state's dams had water amounting to 59.91% capacity compared with 82.55% a year ago, according to data from the water resources department of Maharashtra. The area under rabi crops across India so far this year stands at 65.5 mln ha, down 1.2% on year, according to data from the agriculture ministry. The acreage of wheat, the major rabi crop, was almost unchanged on year at 33.2 mln ha, according to the data. In India, wheat is grown only in the rabi season, and is one of the most important crops. The area under rabi paddy was 10% lower on year at 1.8 mln ha so far, while that under pulses was at 14.8 mln ha, 5.1% lower than a year ago, the data showed. Maize acreage remained unchanged from a year ago at 1.9 mln ha. Among pulses, the acreage of chana was at 10.0 mln ha, down 7.4% from a year ago. Chana is a major variety of pulses grown during the rabi season. The area under oilseeds was unchanged at 10.7 mln ha, according to the data. Mustard acreage was 9.9 mln ha, up 2% from a year ago. Farmers have been sowing more mustard compared to other crops, as it is more remunerative.

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09012024 - coom