Agri Picks Report September 30, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The water level in 155 key reservoirs of the country as of Thursday was 156.639 bcm, 87% of the total live storage capacity of 180.852 bcm, according to data from the Central Water Commission. The current water storage is up 21% from a year ago and 13% from the average for the past 10 years. In the northern region, the water level in the reservoirs was 13.516 bcm, 68% of the live storage capacity, compared with 86% a year ago. In the eastern region, the water level was 17.591 bcm, 85% of the live storage capacity against 65% a year ago. In the western region, the water level was 35.435 bcm, 95% of the live storage capacity, against 85% a year ago. In the central region, the water level was 43.691 bcm, 91% of the live storage capacity, against 83% a year ago. In the southern region, the water level was 46.406 bcm, 85% of the live storage capacity compared with 48% a year ago. Of the 155 reservoirs, 144 reported more than 80% of normal storage, while 11 reported storage levels at 80% of normal or below that. Of the 11 reservoirs, one had storage up to only 50% of the normal level. Since Jun 1, India has received 905.6 mm of rainfall, 6% above the normal of 853.4 mm for the period, according to the India Meteorological Department.

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