Agri Picks Report January 28, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The northeast monsoon completed its withdrawal from India Monday, over 10 days beyond its schedule, the India Meteorological Department said. The weather bureau also said there are two western disturbanceswhich are likely to affect the western Himalayan region from Wednesday and Saturday. The northeast monsoon rains ended over Kerala, Mahe, south interior Karnataka, Tamil Nadu, Puducherry, Karaikal, Rayalaseema, and adjoining areas of coastal Andhra Pradesh and Yanam on Monday. The northeast monsoon usually withdraws from the country on Dec. 31, with a standard deviation of 14–15 days, said B. Geetha, a scientist at IMD Regional Meteorological Centre, Chennai. The normal date for withdrawal of the northeast monsoon is Jan. 15, but this year it has been delayed, Geetha said. The northeast monsoon rainfall has stopped over the Indian region, but it still persists over Sri Lanka, Indonesia, and other southeast Asian countries, she said. Meanwhile, the weather bureau said two western disturbances in quick succession are likely to affect the western Himalayan region. One western disturbance is likely to affect from Wednesday and the other from Saturday. These weather systems are likely to cause rainfall or snowfall over the region during Wednesday and Sunday. The Met department also projected heavy rainfall over parts of Tamil Nadu, Puducherry, and Karaikal Thu-Sat due to an easterly wave. This is also likely to cause isolated rainfall over Kerala and Mahe on Friday. The sowing of rabi crops in Andhra Pradesh has progressed to 1.5 million hectares as of Wednesday, up 18.1% on year from 1.3 million hectares sown in the corresponding period last year, according to a report released by the state's agriculture department. Chana acreage rose by 4.7% on year to 290,000 hectares from 277,000 hectares a year ago. The acreage under black gram, or urad, rose to 239,000 hectares from 192,000 hectares a year ago, the report showed. The total area sown under all pulses was 666,000 hectares, up from 550,000 hectares last year. Rabi crops are sown after the monsoon rains are over, and harvested between April and May in the state. Paddy, maize, Bengal gram or desi chana, urad, and groundnut are the top rabi crops grown in Andhra Pradesh. The state has set a sowing target of 2.3 million hectares for the ongoing season, of which it has achieved 65.4% so far, the report showed. Paddy acreage in the state so far was 485,000 hectares, up from 398,000 hectares last year. The acreage under maize rose to 138,000 hectares from 104,000 hectares a year ago. The total area under oilseeds was 51,000 hectares, down from 72,000 hectares sown in the previous year. Under oilseeds, groundnut acreage fell to 42,000 hectares from 55,000 hectares last year, according to the report. Tobacco acreage as of Wednesday was 101,000 hectares, up from 72,000 hectares sown in the same period last year, according to the report. Rabi paddy is in the transplantation stage, according to the report. Jowar, maize, groundnut, and tobacco are in the vegetative stage, while moong and urad are in the 'vegetative to harvesting' stage. Chana and horse gram, or kulthi dal, are in the 'pod development to harvesting' stage, the report said. Kharif crops such as tur are in the 'pod maturity to harvesting' stage, while sugarcane is in the harvesting stage, according to the report. The water level in reservoirs across the state was 66.4% of the live storage capacity as of Friday, compared to 31.3% a year ago, according to the state's water resources department.

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