Agri Picks Report March 03, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

India witnessed the highest ever all-India mean and minimum temperatures for February since records began in 1901, the India Meteorological Department said. The average maximum temperature across the country was the second highest recorded in the month at 29.07 degrees Celsius, almost 1.50 degrees above normal. The average mean temperature was up by 1.34 degrees at 22.04 degrees Celsius, and the average minimum temperature rose by 1.20 degree to 15 degrees Celsius. The country also saw an overall deficiency in rainfall, with 50.2% departure from normal at 10.9 mm, the fifth lowest level recorded in February since 2001. While the weather department has predicted above-normal minimum and maximum temperatures over most parts of India in March, D.S. Pai, scientist at the India Meteorological Department said the department sees temperatures remaining normal in the next two weeks due to a western disturbance over the western Himalayan region causing rains in parts of Himachal Pradesh and Uttarakhand. The disturbance is likely to bring relief to several areas in the north, including Punjab, Haryana, and Uttar Pradesh. The rainfall in March is also seen to be normal at 83-117% of the long period average, with above-normal rainfall likely over parts of peninsular India and the neighbouring regions of south-central India, while normal to below-normal rainfall is likely in the rest of the country. Meanwhile, the department has predicted above-normal maximum temperatures over most parts of the country, except the southern parts of peninsular India, and isolated pockets of northeast India, where normal to belownormal maximum temperatures are likely. During Mar-May, above-normal number of heat-wave days are likely over most parts of the country except over northeast India, extreme north India, and the southwestern and southern parts of peninsular India, the weather bureau said. The period will also see minimum temperatures above normal over most parts of the country except isolated southernmost regions of peninsular India, where minimum temperatures are likely to remain normal. The department said La Nina conditions are likely to weaken further during the upcoming summer season and turn to neutral El Nino-Southern Oscillation. The El Nino-Southern Oscillation refers to the periodic fluctuation between El Nino and La Nina in the Pacific Ocean. El Nino brings drier conditions to India, while La Nina brings good rainfall. According to the department, neutral Indian Ocean Dipole conditions persist, with the forecast indicating a continuation of these conditions during the upcoming summer season. The Indian Ocean Dipole is the difference in ocean surface temperatures in the western and eastern tropical Indian Ocean.

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03032025 - co