Agri Picks Report May 23, 2024: Geojit Financial Services

Geojit Financial Services's report on Daily Agri Picks

India imported 1.68 mln tn of masur or lentils in 2023-24 (Apr-Mar) compared with 858,437 tn the previous year, according to an update by the India Pulses and Grains Association, quoting the Department of Commerce. Imports of desi chana or Bengal gram during the same period rose to 163,992 tn from 59,266 tn. The most significant rise in imports during this period was seen in the case of kabuli chana at 93,649 tn from 1,735 tn in 2022-23. In 2023-24, India imported the highest quantity of masur from Australia and Canada at 822,531 tn and 760,746 tn, respectively. The highest amount of desi chana was imported from Tanzania at 140,445 tn, while the highest kabuli chana imports were from Sudan at 67,587 tn. In 2023-24, India imported the most masur in December at 237,836 tn, the association said. Desi chana was imported the most in October at 50,043 tn, and kabuli chana in August at 19,691 tn, it said. • The southwest monsoon has further advanced to some parts of south Arabian Sea, some more parts of Andaman & Nicobar Islands, and south Bay of Bengal on Wednesday, the India Meteorological Department said. Conditions are favourable for further advancement of monsoon current to the remaining parts of Andaman & Nicobar Islands and some more parts of south Bay of Bengal over the next two days, it added. Under the influence of a cyclonic circulation lying over south Kerala, isolated heavy to very heavy rainfall is likely over south India till Friday, the weather bureau said. Meanwhile, severe heatwave conditions are likely to continue over northwest India till the weekend. Northwest India includes Punjab, Haryana, Delhi, Uttar Pradesh and some parts of Rajasthan. During the same period, heatwave conditions are likely over north Madhya Pradesh and Gujarat, IMD said. Heat wave conditions are also very likely over some pockets of Jammu, Himachal Pradesh, Gujarat, northeast Madhya Pradesh on Sunday, west Madhya Pradesh and Delhi Wednesday and Thursday, in Vidarbha from Thu-Sun, east Uttar Pradesh from Fri-Sun and north Madhya Maharashtra till Saturday, the weather agency said. Hot and humid weather is very likely to prevail over Assam till Friday, Konkan, and Goa today, the weather bureau said. Warm night conditions are very likely to prevail over west Uttar Pradesh, Rajasthan till Sunday and Punjab and Haryana-Chandigarh-Delhi till Saturday, according to the agency. Additionally, a cyclonic circulation that lies over Bangladesh and adjoining West Bengal and runs as a trough from northwest Rajasthan to Bangladesh in lower tropospheric levels is likely to cause heavy rainfall over parts of Arunachal Pradesh, Assam and Meghalaya on Sunday, the bureau said. Fairly widespread moderate rainfall, accompanied with thunderstorm, lightning and gusty winds at the speed of 30-40 km per hour is also very likely over Gangetic West Bengal and moderate rainfall is likely over parts of Odisha, Bihar and Jharkhand during the next seven days. Sub-Himalayan West Bengal, Sikkim, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura are also likely to receive widespread light to moderate rainfall accompanied with thunderstorms, lightning and gusty winds at 30-40 km per hour during the next five days, according to the weather agency. In addition, the India Meteorological Department sees a gradual rise in maximum temperatures by about 2-3 degrees Celsius over many parts of central India and Maharashtra during the next five days. No significant change in maximum temperatures is likely over northwest India during the next 24 hours and a gradual rise by 3–4 degrees Celsius thereafter. No significant change in maximum temperatures is likely in other parts of the country, according to the bureau.

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