Agri Picks Report October 04, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Karnataka have sown kharif crops over 8.1 million hectares as of last Friday, up 9.4% from 7.4 million hectares sown a year ago, according to a report released by the state's agricultural department.The normal kharif acreage for the period, which is the average of the last five years, is 7.6 million hectares. So far, the state has covered nearly 98.6% of the targeted sowing area of 8.2 million hectares, according to the report. Kharif crops are sown during the southwest monsoon starting around June, and harvested around October. The main kharif crops sown in Karnataka are paddy, maize, ragi, tur, cotton, and sugarcane. As of Friday, the state received 965 mm of rainfall since Jun 1, 16% above the normal of 833 mm, the report said. The area under paddy as of Friday was 1.02 million hectares, up from 910,000 hectares a year ago. The acreage of maize fell to 1.59 million hectares from 1.61 million hectares a year ago, the report showed. The acreage of total pulses was 2.2 million hectares, up from 1.7 million hectares a year ago, according to the report. Under pulses, the area under tur rose to 1.6 million hectares from 1.4 million hectares a year ago, while the area under greengram, or moong, surged 117% on year to 442,000 hectares. The area under total oilseeds so far rose to 834,000 hectares from 797,000 hectares a year ago, according to the report. Under oilseeds, the acreage of soybean was 422,000 hectares, up from 409,000 hectares a year ago. The area under groundnut rose to 332,000 hectares from 309,000 hectares a year ago. The acreage of cotton as of Friday fell to 684,000 hectares from 706,000 hectares a year ago. The area under sugarcane fell to 691,000 hectares from 735,000 hectares, according to the report.

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04102024 - co