Agri Picks Report November 04, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

According to the Indian Meteorological Department’s (IMD) monthly long range forecast released on Friday, rainfall over southern peninsular India during November is most likely to be above normal in the ongoing phase of northeast monsoon. IMD said that in November, rainfall over southern parts of the country is likely to be over 123% of the long period average. Farmers in Telangana have down rabi corps over 150922 acres as of Wednesday, up from 91.4 per cent on year from 78836 acres sown in the corresponding period last year, according to the state’s agriculture department. Area under chana rose a whopping 286% on year to 20436 acres. Area sown under pulses so far was 32813 acres, up from 13078 acres sown last year, while oilseed acreage in the state was 88067 acres, up from 60451 acres sown a year ago. The area under maize shot up 555% on year to 17892 acres from 2745 acres a year ago. However, area under jowar declined to 917 acres from 1234 acres down in the same period last year. Farmers in Rajasthan have sown rabi crops over 2.86 million hectares as of Wednesday, down by 15.3% on year from 3.38 million hectares sown in the same period last year, according to the report released by the state's agriculture department. The acreage of mustard and rapeseed fell 15.1% on year to 1.87 million ha, the report showed. The total area under oilseed was 1.92 million ha, down from 2.27 million ha a year ago. Gram or desi chana acreage in the state so far was 725928 ha, down from 812093 ha a year ago. Acreage of wheat as of Wednesday was 46520 ha, down from 53928 ha a year ago, the report showed. Similarly, area under rabi fell to 9325 ha from 9625 ha.

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