Agri Picks Report October 18, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Maharashtra have sown rabi crops over 64,782 hectares as of Monday, down 64% from 180,661 hectares sown in the corresponding period last year, according to the season's first rabi acreage report published by the state's agriculture department. The normal rabi acreage for the period, which is an average of the five years, from 2016 to 2021, is 5.4 million hectares. The acreage under wheat as of Monday was 115 hectares, up from 17 hectares sown last year. The area under maize was 6,683 hectares, down from 11,860 hectares a year ago. Similarly, the acreage under jowar fell to 57,063 hectares from 161,965 hectares a year ago, according to the report. The area sown under all pulses was 849 hectares, down from 6,653 hectares in the same period last year, the report showed. Under pulses, the acreage under chana fell to 657 hectares from 6,639 hectares a year ago. Oilseed acreage across the state so far was 69 hectares, down from 163 hectares a year ago. Under oilseeds, the area sown under safflower was 23 hectares, down from 157 hectares sown in the corresponding period last year. Sunflower acreage rose to 30 hectares from 4 hectares a year ago, the report said. The water level in dams across Maharashtra is 88.2% of the live storage capacity as of Thursday, compared with 72.6% a year ago, according to data from the state water resources department. • The country got an average rainfall of 23.9 mm in the week ended Wednesday, 43% above the normal rainfall of 16.7 mm for the period, the India Meteorological Department said. Two out of four homogenous regions in the country received above normal showers during the week, the weather bureau said. Central India received 63% above normal showers during the week at 21.2 mm. Subdivisions such as west Madhya Pradesh, Gujarat region, Saurashtra and Kutch, Konkan and Goa, and central Maharashtra have recorded large excess rainfall due to heavy rains in the region as the Southwest Monsoon withdrew from this part of the country.

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18102024 - co