Agri Picks Report October 28, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Maharashtra have sown rabi crops over 192,938 hectares as of Tuesday, down 41.5% from 329,971 hectares sown in the corresponding period last year, according to a report released by the state government's agriculture department. The normal rabi acreage for the period, which is an average of five years, from 2016 to 2021, is 5.4 million hectares. The area sown under wheat so far was 930 hectares, up from 384 hectares sown in the same period last year, the report showed. The acreage under maize has also risen to 28,047 hectares from 24,433 hectares a year ago. The acreage under jowar is down to 155,676 hectares from 292,174 hectares. The acreage under pulses was 7,964 hectares, down from 12,330 hectares last year, according to the data. The area sown under bengal gram, or desi chana, fell to 7,678 hectares from 12,215 hectares a year ago. Chana is one of the major rabi crops grown in Maharashtra. The area sown under oilseeds as of Tuesday fell to 275 hectares from 634 hectares last year, the report said. The acreage under safflower was 187 hectares, down from 590 hectares a year ago. The acreage under sunflower was 46 hectares, up from 17 hectares last year. The water level in dams across Maharashtra is 88.3% of the live storage capacity as of Friday, compared with 74.1% a year ago, according to data from the state water resources department. The country got an average rainfall of 18.4 mm in the week ended Wednesday, 23% above the normal rainfall of 15.0 mm for the period, the India Meteorological Department said. Two out of four homogeneous regions in the country received above-normal showers during the week, the weather bureau said. Central India received 97% above-normal showers during the week at 18.6 mm. Subdivisions such as west Madhya Pradesh, the Gujarat region, Saurashtra and Kutch, Konkan and Goa, central Maharashtra, Marathwada, and Vidarbha recorded large excess rainfall due to heavy rains in these regions. The South peninsula recorded 51.7 mm rain, 56% higher than the normal rainfall for the period, the data showed. Rainfall in northwest India recorded a 79% deficit during the week at 1.0 mm. Similarly, east and northeast India received 54% below-normal rainfall at 10.7 mm during the week, the agency said. Of the 36 subdivisions in the country, rainfall was "normal" in five and "excess" in one during the week. Rainfall was "large excess" in 12 subdivisions, while it was "deficient" in eight. The rainfall was "large deficient" in nine subdivisions. One subdivision received no rain during the week. Since Oct. 1, India has received 65.2 mm of rainfall, 3% above the normal level of 63.2 mm for the period.

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28102024 - co