Agri Picks Report January 29, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in India have sown rabi crops over 65.59 million hectares as of Monday, up 1.9% from a year ago, according to data from the Department of Agriculture and Farmers' Welfare. The rabi acreage was 3.2% higher than the normal area of 63.35 million hectares for the season. The area under wheat, the largest rabi crop, was 2.8% higher on year at 32.44 million hectares, the data showed. The current wheat acreage has also exceeded the normal area for the season, which is 31.24million hectares. The area under rabi paddy was up 15.7% on year at 3.52 million hectares. The acreage under maize rose 8.8% on year to 2.37 million hectares. The area under pulses was 14.25 million hectares, up 2.3% from 13.93 million hectares a year ago, the data showed. Under pulses, the acreage of chana was 9.86 million hectares, up 2.8% from the area sown in the previous year. Chana is the main legume grown during the rabi season. Masur acreage was down 1.9% at 1.74 million hectares. The area under oilseeds was down 4.2% on year at 9.82 million hectares. Mustard acreage was 8.93 million hectares, down 4.7% from a year ago. The area under groundnut was up 6.7% at 365,000 hectares while the area under sunflower was up 72.1% at 74,000 hectares. 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.

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