Agri Picks Report July 10, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The area under kharif crops in Maharashtra rose 171% on year to 11.1 mln ha as of Monday, according to the state agriculture department. The acreage was 4.1 mln ha in the corresponding period of last year. Kharif crops are sown at the beginning of the first rains during the southwest monsoon season around June and harvested at the end of the monsoon season around Oc tober. The area under rice was at 245,961 ha, up from 106,519 ha a year ago. The area under food grains rose to 3 mln ha from 736,344 ha a year ago, according to the data. The acreage under pulses rose to 1.52 mln ha from 383,176 ha a year ago. The area under maize rose to 845,604 ha from 186,417 ha in the previous year. Similarly, the area under cotton rose to 3.7 mln ha from 2.2 mln ha last year. Soybean acreage was higher at 4.3 mln ha compared with 1.1 mln ha last year. The southwest monsoon rainfall in the state so far during the season was 8% above normal at 311.8 mm, according to the India Meteorological Department. The water level in dams in Maharashtra is at 26.6% of the capacity today compared with 31.6% a year ago, according to data from the state water resources department. • The area under kharif crops in Rajasthan declined 33.5% from a year ago to 7.6 mln ha as of Monday, according to a release from the state agriculture department. The state has set a target of 16.5 mln ha for the ongoing kharif season. Kharif crops are sown at the beginning of the first rains during the southwest monsoon season around Juneand harvested at the end of the monsoon season around October. Moong was sown over 789,540 ha, down from 1.5 mln ha a year ago. The target set for moong this year is 2.5 mln ha. The area under pulses was at 1.2 mln ha, down from 2.23 mln ha last year. The acreage of ba jra was at 1.93 mln ha, down from 3.73 mln ha the previous year. The target for bajra is at 4.4 mln ha. The acreage of cereals is at 3.1 mln ha, down from 5.2 mln ha last year. Moong and bajra are the main pulse and cereal crops grown in Rajasthan during the kharif season. Maize, rice, soybean, and groundnut are other important kharif crops in Rajasthan.The area under oilseeds was down at 1.6 mln ha, against 1.84 mln ha a year ago. The target for the season is set at 2.4 mln ha. The area un der soybean was at 965,400 ha, marginally down from 967,290 ha a year ago, the data showed. The area under cotton as of Monday was at 475,400 ha, down from 760,160 ha, the data showed. The acreage of guar, another major crop in the state, was also down at 937,350 ha from 1 mln ha a year ago.

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