Agri Picks Report October 29, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The output of cotton in the kharif season 2024-25 (Jul-Jun) in Rajasthan is expected to be up nearly 134% at 6.1 million tonnes from 2.6 million tonnes in the kharif season last year, according to the first advance estimates of area, production and yield released by the state's agriculture department. The total area sown under kharif crops in Rajasthan was 16 million hectares, down from 16.3 million hectares sown in the previous year, the report said. Total food grain production in the current kharif season is likely to rise 25.1% on year to 11.2 million tonnes, according to the report. Under food grains, maize output is seen rising 13.7% to 2.3 million tonnes, while bajra output is predicted to rise 12% on year to 4.9 million tonnes.The state's moong production is pegged to rise sharply by 119.3% on year to 1.8 million tonnes from 812,102 tonnes in the kharif season last year, the report showed. Similarly, urad output is seen rising 31.6% on year to 196,359 tonnes, while tur production in the current kharif season is expected to be 6,330 tonnes, up from 4,246 tonnes a year ago. The total production of oilseeds in the state is seen rising 11.5% on year to 4.1 million tonnes from 3.7 million tonnes in the previous kharif season. Under oilseeds, groundnut production is likely to rise 12.6% on year to 2.3 million tonnes, while soybean output is predicted to rise to 1.4 million tonnes from 1.3 million tonnes produced in the kharif season last year, the report showed. The output of guar, a major crop in the state, for the current kharif season is seen up 13.4% on year to 1.7 million tonnes, while sugarcane production is pegged to rise to 382,280 tonnes from 362,762 tonnes a year ago, according to the report.

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29102024 - co