Agri Picks Report January 31, 2024: Geojit

commodities

Geojit's report on Agri Picks

The government of Gujarat released final data of rabi acreage for 2023-24 season Monday. According to the data, the area under rabi crops in the state stands at 4.60 mln ha in the current season, up 2.9% from 4.47 mln ha last year. The normal rabi acreage, which is the average of the last three years, was 4.61 mln ha, and the actual area was 99.8%. The area under wheat, the key rabi crop grown in the state, has declined 3.6% in the current rabi season to 1.25 mln ha from 1.29 mln ha a year ago. The normal area for the crop was 1.30 mln ha. The area of wheat grown on irrigated land in the state was 1.22 mln ha, down from 1.27 mln ha a year ago, while the acreage of wheat grown on unirrigated land was 25,231 ha, lower than 26,820 ha last year. As per the second advance estimates released by the state government, production for wheat has been pegged at 3.84 mln tn. The area under maize in the state rose 9.3% on year to 115,435 ha. The acreage of rabi cereals was down 1.5% on year at 1.40 mln ha. Wheat, cotton, mustard, and jeera are the main rabi crops in Gujarat. The state is also known for its vegetables such as onion, potato, and tomato in the rabi season. The acreage of rabi pulses was down 16.2% on year at 676,761 ha. The acreage of chana, the major pulse in Gujarat accounting for 93.2% of the rabi pulses, was 630,698 ha, down 17.6% on year from 764,518 ha. Production for pulses was pegged at 1.36 mln tn, with chana at 1.32 mln tn, as per the second advance estimates released by the state government. Total oilseed acreage was down 9.6% on year at 277,843 ha. Mustard occupied 99.8% of the oilseed sowing area at 277,332 ha, down 9.1% on year from 305,231 ha, the data showed. The area under jeera has more than doubled to 561,306 ha, from 275,832 ha last year. The normal area for the crop is 350,666 ha. Gujarat is the largest producer of the spice. The acreage under coriander was down 43% on year at 127,035 ha. Gujarat is the second-largest producer of the spice. Production for jeera and coriander were pegged at 408,190 tn and 205,670 tn, respectively, as per the second advance estimates. Among other crops, sowing of tobacco was down 2.5% from the previous year at 134,959 ha, while that of sugarcane rose to 201,648 ha from 181,371 ha last year. Sowing of vegetables rose to 207,445 ha from 202,375 ha last year. Acreage of potato rose to 134,857 ha from 131,432 ha the previous year. The area under fodder was 604,519 ha, down from 611,924 ha in the year-ago period.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

31012024 - coom