Agri Picks Report June 04, 2024: Geojit Financial Services

Commoditi

Geojit Financial Services's report on Daily Agri Picks

The southwest monsoon is likely to advance to the remaining parts of Karnataka, Rayalaseema, Telangana, and coastal Andhra Pradesh in the next four to five days, the IMD said on Monday. The weather bureau also sees the monsoon ad vancing to Goa, some parts of Maharashtra, Chhattisgarh, and south Odisha, in the same time period, it added. For Monday, the IMD sees monsoon advancement in Karnataka, Rayalaseema, coastal Andhra Pradesh, and parts of Telanga na. The northern limit of the monsoon passes through Honnavar and Bellari in Karnataka, Kurnool and Narsapur in An dhra Pradesh, and Islampur in West Bengal, the weather bureau said. The water level across India's 150 primary reservoirs was 41.705 bcm as of Thursday, down 23% from a year ago and 6% from the average of the past 10 years, said the Central Water Commission. The current water level is 23% of the total live storage capacity of these reservoirs. Of 150 reservoirs, water level in 130 reservoirs was 40% and below, while that in 10 reservoirs was in a range of 41-50%. The condition is seen worse in western and southern regions. In the western region, which includes Gujarat and Maharashtra, the water level as of today is 24% of the live storage capacity com pared with 28% a year ago. Of 49 reservoirs in both states, 44 have recorded water levels of 40% or below. Similarly, in the southern region of the country, the water level is 14% of the live storage capacity, compared with 24% in the year ago period. The southern region consists of 42 reservoirs spread over five states. Of these, 38 have recorded water level at 40% or below as of today.Water level in the central region is 29.1% of the total storage capacity, compared to 37% a year ago. Of 26 reservoirs in the central region, the water level in 23 reservoirs is 40% or below, in two 41-50%, while in one it is in a range of 51-60%, the report showed. Conditions in the northern region have worsened due to the ongoing heatwave. Of the 10 reservoirs in this region, nine saw water storage at 40% or below, while one has storage from 51- 60%. Water level in this region is 30% of live storage capacity, against 38% a year ago.On Wednesday, Delhi's Mungeshpur locality touched 52.3 degrees Celsius. On Tuesday, Churu in Rajasthan recorded the highest maximum tem perature of 50 degrees Celsius, the India Meterological Department said. The situation in the eastern region is compara tively better than the other regions, as it has one reservoir with 100% storage and four with water level raging from 71- 99%. However, of 23 total reservoirs, water levels in 16 are seen 40% or below. The water level in the eastern parts of the country is 28% of the total live storage capacity against 25% in the corresponding period a year ago.

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