Agri Picks Report September 20, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Rainfall across the country Thursday was 2.1 mm, 60% below the normal of 5.1 mm, according to the India Meteorological Department. Since Jun 1, India has received 873.9 mm of rainfall, 7% above the normal of 817.2 mm for the period, it said. Of the four homogeneous regions in the country, three received below-normal rainfall while one received above-normal rainfall. East and northeast India received rainfall that was 96% below normal at 0.4 mm. Central India received rainfall that was 74% below normal at 1.4 mm, and the southern peninsula received 82% below-normal rains at 1.1 mm. Rainfall was 64% above normal at 4.3 mm in northwest India. Since Jun 1, the east and northeast India region has received rainfall 15% below normal at 1,082 mm. Rainfall in Arunachal Pradesh and Bihar, which come under this homogeneous region, has been deficient so far during the southwest monsoon. As of Thursday, rainfall has been normal in 19 of the country's 36 subdivisions. Rainfall was in "large excess" in two subdivisions, "excess" in 11, and "deficient" in four, it said. • Farmers in Andhra Pradesh have sown kharif crops over 2.6 mln ha as of Wednesday, up 11.4% from 2.3 mln ha sown in the corresponding period last year, according to the report released by the state's agricultural department. Around 80% of the normal acreage of 2.9 mln ha has been covered so far. The acreage under food grains so far was 1.9 mln ha, up from 1.5 mln ha a year ago, the report said. The area sown under course grains rose to 201,000 ha from 155,000 ha a year ago. The acreage under paddy was 1.3 mln ha, up from 1.2 mln ha a year ago. Similarly, the acreage under maize was 131,000 ha, up from 106,000 ha a year ago, the report showed. The area sown under total pulses as of Wednesday was 352,000 ha, more than double the 167,000 ha sown a year ago, according to the data. Under pulses, the acreage under redgram, or tur, rose to 313,000 ha from 144,000 ha a year ago. The acreage under total oilseeds was 316,000 ha, down from 349,000 ha a year ago, the report showed. Under oilseeds, the area sown under groundnut fell to 269,000 ha from 293,000 ha a year ago. Cotton acreage in the state so far has been 387,000 ha against 388,000 ha in the same period last year. The area sown under sugarcane fell to 19,000 ha from 38,000 ha a year ago, the report said. As of Wednesday, the state received 617.3 mm of rainfall since Jun 1, up 23.6% from the normal rainfall of 499.4 mm for the period, the report said.

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