Agri Picks Report July 18, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

The area under kharif crops in Maharashtra rose 39.5% on year to 12.3 mln ha as of Monday, according to the state agriculture department. The acreage was 8.8 mln ha in the corresponding period 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 October. The area under rice was 380,350 ha, up from 248,155 ha a year ago. The area under food grains rose to 3.5 mln ha from 1.9 mln ha a year ago, according to the data. The acreage under pulses rose to 1.71 mln ha from 971,224 ha a year ago. The area under maize rose to 975,861 ha from 474,887 ha in the previous year. Similarly, the area under cotton rose to 3.9 mln ha from 3.4 mln ha last year. Soybean acreage was higher at 4.8 mln ha compared with 3.4 mln ha last year. The water level in dams in Maharashtra is at 31.7% of the capacity as of today compared with 34.5% a year ago, according to data from the state water resources department. The area under kharif crops in Rajasthan declined 14.7% from a year ago to 11.5 mln ha as of today, 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 1.7 mln ha, down from 1.8 mln ha a year ago. The target set for moong this year is 2.5 mln ha. The area sown under pulses was at 2.5 mln ha, down from 2.8 mln ha last year. The acreage of bajra as of today was at 3.1 mln ha, down from 4.1 mln ha the previous year. The target for bajra is 4.4 mln ha. The acreage of cereals is at 4.7 mln ha, down from 5.8 mln ha last year. Moong and bajra are the main pulses 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 1.9 mln ha, against 2.1 mln ha a year ago. The target for the season is set at 2.4 mln ha. The area under soybean was at 1.1 mln ha, almost the same as last year, the data showed. The area under cotton as of today was at 494,940 ha, down from 773,290 ha, the data showed. The acreage of guar, another major crop in the state, was also down at 1.6 mln ha from 1.7 mln ha a year ago.

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