Agri Picks Report September 12, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Farmers in Karnataka have sown kharif crops over 7.9 mln ha as of Friday, up 12.7% from 6.9 mln ha sown in the corresponding period last year, according to the report released by the state's agricultural department. The normal kharif acreage for the period, which is an average of the last five years, is 7.2 mln ha. As of Friday, the state has coverednearly 95% of the targeted kharif sowing area of 8.2 mln ha, according to the data. 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. So far, the state has received 885 mm of rainfall since Jun 1, 23% above the normal rainfall of 721 mm, the report showed. The acreage under maize as of Friday was 1.6 mln ha, up from 1.5 mln ha a year ago, the report said. The area sown under paddy also rose to 900,000 ha from 822,000 ha in the same period last year. The area sown under total pulses rose to 2.2 mln ha from 1.7 mln ha a year ago, the report said. Under pulses, the acreage under tur rose to 1.6 mln ha from 1.3 mln ha a year ago. The area sown under greengram, or moong, rose sharply to 441,000 ha from 180,000 ha a year ago. The acreage under total oilseeds as of Friday was 828,000 ha, up from 799,000 ha a year ago, according to the data. Under oilseeds, the groundnut acreage was 326,000 ha, up from 314,000 ha last year. Similarly, the acreage under soybean rose to 422,000 ha from 409,000 ha a year ago. Cotton acreage so far was 679,000 ha, up from 671,000 ha in the corresponding period last year. The acreage under sugarcane was 683,000 ha, down from 707,000 ha a year ago, the report said. • Farmers in Maharashtra have sown kharif crops over 14.8 mln ha as of Monday, up 2.6% from a year ago, according to a report released by the state's agricultural department. The area under kharif crops a year ago was 14.4 mln ha.Kharif crops are sown at the beginning of the southwest monsoon season around June and harvested around October. The acreage of paddy was 1.52 mln ha as of Monday, down from 1.53 mln ha a year ago, the report said. The area under maize was 1.12 mln ha, up from 911,487 ha a year ago. The overall area under pulses so far was 1.91 mln ha, up from 1.61 mln ha a year ago, the report showed. Under pulses, the acreage of tur was 1.22 mln ha, against 1.11 mln ha a year ago. The overall acreage of oilseeds was 5.32 mln, up from 5.23 mln ha a year ago, according to the data. Under oilseeds, the area under soybean rose to 5.15 mln ha from 5.07 mln ha a year ago. Similarly, the area under groundnut rose to 147,979 ha from 143,131 ha a year ago. The area under cotton fell to 4.08 mln ha as of Monday from 4.23 mln ha a year ago. Sugarcane acreage was down at 198,133 ha, against 286,192 ha a year ago, the report showed. Water levels in dams in Maharashtra are at 83.9% of the live storage capacity as of Wednesday, compared with 67.1% a year ago, according to data from the state water resources department.

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12092024 - co