Agri Picks Report January 23, 2024: Geojit

commodities

Geojit's report on Agri Picks

India's production of horticulture crops in 2022-23 (Jul-Jun) is estimated to reach a new record high of 355.25 mln tn, according to the government's third advance estimate. The 2021-22 total horticulture production was estimated at 347.18 mln tn. Production of fruits in 2022-23 is estimated at 109.53 mln tn, higher than last year's estimate of 107.51 mln tn, the data showed. The output of vegetables is estimated at 213.88 mln tn in 2022-23, up 2.3% from the corresponding period last year. For plantation, the government sees production in the third advance estimate rising to 16.84 mln tn from 15.76 mln tn in the last year. In terms of potato, production is estimated at 60.22 mln tn in 2022-23, compared with 56.18 mln tn a year ago. Tomato production is projected to hit 20.37 mln tn in 2022-23 compared with 20.69 mln tn in 2021-22. Acreage under horticulture crops has been estimated to rise slightly to 28.34 mln ha, according to the third advance estimate, from 28.04 mln ha in the previous crop year. Farmers in Telangana have sown rabi crops over 3.4 mln acres as of Wednesday, slightly higher than 3.3 mln acres a year ago, according to data from the state government. One acre is about 0.40 ha. So far, 61.7% of the normal rabi crop area of 5.5 mln acres in the state has been covered, the data showed. The area under pulses fell 24% on year to 289,799 acres. Acreage of Bengal gram was down nearly 25.3% on year at 248,428 acres. For the ongoing rabi season, the normal acreage for pulses is 4.21 mln acres. Maize, Bengal gram, jowar, and groundnut are the main rabi crops grown in the state. Paddy sowing rose 8% on year to 2.3 mln acres from 2.2 mln acres. The season's normal acreage for the crop is 4.05 mln acres. Telangana did not receive rainfall in the week to Wednesday, and so far, the cumulative rainfall in the year has been normal at 913.8 mm, the data showed. The area under coarse grains rose 14.3% on year to 487,464 acres. The acreage of maize, the key rabi crop in the state, rose to 396,781 acres from 359,669 acres. The season's normal area for maize is 511,521 acres, as per the data. The area under food grains rose to 3.1 mln acres from 2.9 mln acres a year ago. Oilseed acreage was at 222,878 acres, down from 250,574 acres a year ago. Groundnuts accounted for 87.5% of the oilseed acreage at 195,133 acres, down from 211,824 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 376.32 bln cu ft, down from 631.51 bln cu ft a year ago, according to government data.

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23012024 - coom