Agri Picks Report January 24, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Gujarat's cotton production in the 2024-25 kharif season is likely to fall by 23.5% to 7.1 million bales (1 bale = 170 kg) from 9.2 million bales last year, according to the second advance estimates of area, production, and yield released by the state's agriculture department. Total kharif crop production of the state is seen at 17.6 million tonnes, down 10.4% from 19.6 million tonnes last year, the data showed. Production of food grains is seen falling by nearly 7% to 3.3 million tonnes from 3.6 million tonnes last year. Production of rice in Gujarat is likely to drop to 2.1 million tonnes from 2.2 million tonnes last year. Production of maize may fall by 25.8% to 421,660 tonnes from 568,620 tonnes a year ago, while that of bajra is pegged at 310,370 tonnes, down from 350,400 tonnes produced last year. The total output of pulses in the state is expected to rise 421,190 tonnes, from 392,230 tonnes a year ago. Production of tur is expected to rise by 10.8% to 322,130 tonnes, according to the data. On the other hand, urad production is likely to fall to 48,050 tonnes from 51,010 tonnes a year ago, and that of moong is seen falling to 33,610 tonnes from 38,010 tonnes last year. Groundnut production is estimated to rise to 5.1 million tonnes from 4.5 million tonnes in the previous kharif season, according to data. The output of castor seed is seen falling to 1.4 million tonnes from 1.6 million tonnes a year ago. The total production of all oilseeds in the state is pegged at 7.0 million tonnes, up from 6.6 million tonnes last year. Production of tobacco is likely to fall by 26.8% to 78,830 tonnes from 107,660 tonnes a year ago. Guar seed output in Gujarat is seen at 62,360 tonnes, down from 81,820 tonnes last year. India received average rainfall of 1.6 millimetres in the week ended Wednesday, 60% below the normal of 3.9 mm for the period, the India Meteorological Department said. The south peninsula region was the only homogenous region to record abovenormal rainfall, while the other three regions recorded below-normal precipitation.

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