Agri Picks Report April 01, 2024: Geojit

commodities

Geojit's report on Daily Agri Picks

The area under rabi crops in Telangana was at 6.7 mln acres (1 acre = 0.40 ha) as of Wednesday, 8% lower than 7.3 mln acres a year ago, according to data from the state government. The acreage so far has exceeded the normal rabi crop area of 5.5 mln acres for the entire season by 22%, the data showed. Maize, Bengal gram, jowar, and groundnut are the main rabi crops grown in the state. The total area under major millets, which include jowar, bajra, maize, and ragi, rose to 907,377 acres from 785,780 acres a year ago, the data showed. The area under maize rose to 664,597 acres from 648,526 acres a year ago. The season's normal area for maize is 511,521 acres, and it covers the maximum area under major millets, as per data. Jowar, the second major millet in the state, was sown across 231,427 acres, nearly 82% higher than 126,927 acres a year ago. However, the area under paddy and pulses fell compared with that of last year. Paddy acreage was down 9% on year at 5.1 mln acres, though it was higher than the season's normal acreage at 4.05 mln acres. Area under pulses fell 26% on year to 319,687 acres. The normal rabi acreage for pulses is 421,163 acres. Acreage of Bengal gram was down nearly 30% on year at 255,338 acres. The area under food grains fell nearly 7% on year to 6.4 mln acres. Oilseed acreage was at 279,211 acres, down from 332,088 acres a year ago. The normal area for oilseeds in the season is 371,037 acres. Groundnuts accounted for 75% of the total oilseed acreage at 209,818 acres, down from 242,781 acres a year ago.Telangana has received scanty rainfall at 5.4 mm in March so far. The cumulative rainfall in the state since June has been normal at 920.30 mm from 1,275.80 mm a year ago, the data showed. The water level in major reservoirs in the state as of Wednesday was 287.06 bln cuft, down from 432.13 bln cu ft a year ago, according to government data. Farmers in Gujarat have sown crops across 868,132 ha as of today for the 2023-24 summer season, down 3.5% from 900,034 ha in the corresponding period a year ago, according to data from the state agriculture department. The normal acreage for the season, which is the average of the past three years, is 1.1 mln ha. Bajra, paddy, sesamum, and moong are the main crops grown in the state during summer. Summer crops are grown for a short time period between Kharif and Rabi crops, mainly from March to June. The total area under cereals was 313,286 ha, up from last year's area of 307,480 ha. The area under bajra, the key crop grown during summer, was lower at 214,670 ha from last year's acreage of 222,566 ha. However, paddy was sown over 92,505 ha, up 17.5% from last year. Paddy is the second-largest cereal grown in the state. Pulses grown during the season are urad and moong. The acreage under pulses was 57,000 ha, down from 58,476 last year. Moong was sown over 37,779 ha as of today, lower from 38,759 ha during the same period last year. Urad acreage was down at 19,221 ha from 19,717 ha in the same period of the previous year. Groundnut and sesamum are the main oilseed crops sown during the season in the state. Groundnut has been sown over 46,910 ha, up from 43,447 ha last year. Sesamum acreage fell to 99,246 ha from 104,747 ha last year. The area under vegetables was 79,341 ha, up from 79,190 ha a year ago. Onion acreage rose to 10,780 ha from 9,229 ha a year ago. Sugarcane acreage has dropped to 9,069 ha from 9,227 ha a year ago, the data showed. Fodder acreage fell 12.2% on year to 243,455 ha, according to the data.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

01042024 - co