Agri Picks Report October 01, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Rainfall across the country on Monday was 2.6 mm, 29% below the normal of 3.6 mm, according to the India Meteorological Department. Since Jun 1, the country has received 934.8 mm of rainfall, 8% above the normal of 868.6 mm for the period, it said. All the four homogeneous regions in the country received below normal showers. East and northeast India received rainfall that was 44% below normal at 3.4 mm. Northwest India received 34% below normal showers at 0.7 mm, while central India received 12% below normal rainfall at 2.9 mm. Rainfall was 32% below normal at 4.2 mm in the southern peninsula. Of the four homogenous regions, east and northeast India is the only region that has received 14% below normal rainfall in the season so far, at 1,178.7 mm. Within the region, Arunachal Pradesh is the only state which has received "deficient" rainfall so far. So far in the season, rainfall has been normal in 21 of the 36 subdivisions in the country. Rainfall was "excess" in 10, and "deficient" in three subdivisions, it said. Rainfall was "large excess" in two subdivisions, it said. The India Meteorological Department on Monday said conditions are likely to become favourable for the withdrawal of the Southwest Monsoon from more parts of Rajasthan, Haryana, and Punjab over the next two to three days. Over the same time period, it also sees the monsoon withdrawal from some parts of Jammu and Kashmir, Ladakh, Gilgit, Baltistan, Muzaffarabad, and Himachal Pradesh. Last week, Southwest Monsoon had withdrawn from some parts of west Rajasthan and Kutch in Gujarat. The normal withdrawal date for the Southwest Monsoon is Sep 17, the weather bureau said.

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01102024 - co