Agri Picks Report November 06, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

India's food grain output during kharif season is estimated at a record 164.7 million tonnes due to good production of rice, jowar, and maize, according to the first advance estimate for 2024-25 (Jul-Jun) released by the government on Tuesday. The food grain output was 155.8 million tonnes during the kharif season last year. "For the first time, data from the Digital Crop Survey, which is being conducted under the Digital Agriculture Mission in collaboration with state governments, has been utilised to prepare area estimates," the farm ministry said in the release. Based on the survey, rice production is estimated at a record 119.9 million tonnes during the kharif season. The digital crop surveybased crop area estimation has been done for Uttar Pradesh, Madhya Pradesh, Gujarat, and Odisha, where all districts were covered under the survey. "This has led to a substantial rise in area under rice particularly in Uttar Pradesh," the farm ministry said in the release. Farmers in Rajasthan have sown rabi crops across 3.7 million hectares as of Monday, down 7% on year from 3.9 million hectares sown in the corresponding period last year, according to data released by the state's agriculture department. The total area sown under oilseeds so far was 2.3 million hectares, down from 2.6 million hectares sown a year ago. On other hand, the area under wheat rose to 106,731 hectares from 94,565 hectares in the same period last year, according to the report. Under oilseeds, the area under mustard and rapeseed accounted for nearly 62% of the total rabi acreage at 2.3 million hectares, although it fell by 8.1% on year from 2.5 million hectares sown a year ago, according to the report. The acreage under taramira, or aragula seeds, fell to 42,714 hectares from 69,445 hectares last year, the report said. Rabi crops are sown between October and November, after the monsoon rains are over, and the crops are harvested between April and June. Barley, wheat, gram or desi chana, and oil seeds such as rapeseed and mustard are the key crops grown in the state during the rabi season. The state's target for rabi sowing this season is set at 11.9 million hectares. The acreage under total pulses in the state so far was 964,481 hectares, down from 975,911 hectares a year ago, the report showed. Under pulses, the area sown under gram, or chana, was 955,961 hectares, down slightly from 958,413 hectares sown last year. Chana accounted for 26.1% of the total pulses acreage in the state so far. The acreage under barley rose to 44,090 hectares from 22,971 hectares a year ago.

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