Agri Picks Report December 01, 2023: Geojit

Commoditi

Geojit's report on Agri Picks

Farmers in Telangana have sown rabi crops over 485,803 acres as of Wednesday, down 7% from 521,819 acres a year ago, according to data from the state government. One acre is about 0.40 ha. So far, 8.8% of the average rabi crop area of 5.5 mln acres in the state has been covered, the data showed. The area under pulses fell 31% on year to 182,306 acres so far. Acreage of Bengal gram was down nearly 34% on year at 161,291 acres. However, the area under black gram was up nearly 18% at 18,840 acres, the data showed. Telangana has received scanty rainfall at 23.9 mm during the northeast monsoon season so far, the data showed. The state receives 14% of its annual rainfall during the northeast monsoon season. Farmers have sown paddy over 2,374 acres as of today, down from 4,926 acres a year ago. The season's normal area for the crop is 4.05 mln acres. The acreage under wheat has increased to 1,090 acres from 540 acres a year ago. The normal area under wheat during the season is 12,255 acres. The area under maize was up at 102,278 acres from 84,672 acres a year ago. The season's normal area for the crop is 511,521 acres, as per the data. Sowing for foxtail millet or korra, and cotton is yet to start, the data showed. The area under food grains was at 299,944 acres, down 17% on year. The coarse grain cultivation was at 114,174 acres, up from 94,723 acres in the previous year. Oilseed acreage was at 148,982 acres, up from 128,550 acres a year ago. The normal area for oilseeds in the season is 371,037 acres. The water level in major reservoirs in the state as of Wednesday was 437.8 bln cu ft, down from 805.36 bln cu ft a year ago, according to government data. The Centre has permitted the export of 898,804 tn of broken rice to five countries through National Co-operative Exports Ltd, according to a notification by the Directorate General of Foreign Trade. The government has also allowed exports of 14,184 tn of wheat grain, 5,326 tn of wheat flour, and 15,226 tn of Semolina to Bhutan. In the next six months, India can export 500,000 tn and 50,000 tn of broken rice to Senegal and Gambia, respectively, according to the notification. The government allowed exports of 48,804 tn broken rice to Bhutan, 100,000 tn to Mali, and 200,000 tn to Indonesia. Last year, in May and September, India prohibited exports of wheat and broken rice respectively, citing the need to cool prices and meet domestic requirements. However, India permits exports to other countries to meet their food security needs, and based on the requests of foreign governments.

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01122023 - comm