Agri Picks Report March 18, 2024: Geojit

commodities

Geojit's report on Daily Agri Picks

The area under rabi crops in Telangana was at 6.6 mln acres (1 acre = 0.40 ha) as of Wednesday, 9% 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 21%, 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 897,050 acres from 784,128 acres a year ago, the data showed. The area under maize was up at 659,342 acres from 648,112 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 230,111 acres, nearly 81% higher than 126,784 acres a year ago. However, area under paddy and pulses fell compared with that of last year. Paddy acreage was down 10% on year at 5.1 mln acres, though it was higher than the season's normal acreage at 4.05 mln acres. The area under pulses fell 26% on year to 318,922 acres. The normal rabi acreage for pulses is 421,163 acres. Acreage of Bengal gram was down nearly 30% on year at 255,296 acres. The area under food grains fell nearly 8% on year to 6.3 mln acres. Oilseed acreage was at 273,420 acres, down from 328,646 acres a year ago. The normal area for oilseeds in the season is 371,037 acres. Groundnuts accounted for 76% of the total oilseed acreage at 209,082 acres, down from 242,778 acres a year ago. Telangana has received scanty rainfall at 0.1 mm in March so far. The cumulative rainfall in the state since June has been normal at 914.9 mm from 1,234.8 mm a year ago, the data showed. The water level in major reservoirs in the state as of Wednesday was 270.15 bln cu ft, down from 413.63 bln cu ft a year ago, according to government data.

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18032024 - co