Agri Picks Report November 29, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Andhra Pradesh have sown rabi crops over 545,000 hectares as of Wednesday, up 38.3% on year from 394,000 hectares in the same period last year, according to a report released by the state agriculture department. The acreage under chana was up 48.6% on year at 211,000 hectares from 142,000 hectares. The total acreage under all pulses was 345,000 hectares, up from 235,000 hectares a year ago, according to the report. The acreage under black gram, or urad, was 50,000 hectares, up from 47,000 hectares last year, while that of horse gram, or kulthi dal, rose to 57,000 hectares from 25,000 hectares. Rabi crops are sown during Oct-Nov, after the monsoon rains are over, and are harvested between April and June. Paddy, maize, bengal gram or desi chana, urad, and groundnut are the top rabi crops grown in Andhra Pradesh.The state has set a sowing target of 2.3 million hectares for the season, the report showed. The acreage under rabi paddy as of Wednesday was 69,000 hectares, up from 38,000 hectares last year, the report said. Jowar acreage fell to 35,000 hectares from 44,000 hectares. The area under maize rose to 33,700 hectares from 28,000 hectares. The total area sown under all oilseeds in the state so far was 19,000 hectares, up from 18,000 hectares a year ago. Groundnut acreage was 16,600 hectares against 15,000 hectares in the previous year, the report showed. The area sown under tobacco rose to 42,200 hectares from 30,700 hectares in the corresponding period last year. Rabi paddy is in the 'nursery to transplantation stage", the report said. Jowar, maize, and tobacco are at the vegetative stage, while urad and rabi moong crops are at the sowing to vegetative stage. Kharif crops such as paddy, jowar, bajra, ragi, maize, moong, urad, horse gram, and groundnut are at the harvesting stage. Tur is at the pod development stage, the report said. Cotton is at the first and second picking stage, while sugarcane is at the cane development stage, the report said. The water level in reservoirs across the state is 80.1% of the live storage capacity as of Thursday, compared with 37.2% a year ago, according to the state's water resources department.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

29104024 - co