Agri Picks Report September 06, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Andhra Pradesh sowed kharif crops over 2.2 mln ha as of Wednesday, up 4% from a year ago, according to data released by the state. The target area set for the current kharif season is 3.4 mln ha. Kharif crops are sown at the beginning of the southwest monsoon season in June, and harvested at the end of the season around October. The total area under foodgrains was 1.5 mln ha, up 8.4% on year, according to the report. The total area under pulses increased to 233,000 ha from 143,000 ha a year ago. Paddy acreage fell marginally to 1.1 mln ha as of Wednesday, while the area under maize increased 19.4% to 111,000 ha. Paddy, maize, tur, groundnut, and cotton are the major crops grown in the state during the kharif season. Redgram, or tur, acreage saw a jump of almost 65% on year at 206,000 ha, ccording to the report. The total area under oilseeds fell to 318,000 ha from 343,000 ha a year ago. Groundnut acreage declined 8.2% on year to 269,000 ha. Currently, regdram is at a vegetative stage while maize is at a vegetative-to-cob formation stage. "Paddy is at the transplantation to panicle initiation stage," the report said, adding that cotton is at a vegetative to flowering to boll formation stage. The area under cotton fell to 371,000 ha from 380,000 ha a year ago. The target area for cotton for the current kharif season is 587,000 ha. As of Wednesday, the state received excess rainfall this monsoon season at 550.7 mm.

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