MENU

Published on 22/10/2020 2:55:20 PM | Source: Motilal Oswal Financial Services Ltd

Agriculture Sector Update - Surplus rainfall drives sowing up 9% By Motilal Oswal

Posted in Broking Firm Views - Sector Report| #Agriculture #Sector Report #Motilal Oswal Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Surplus rainfall drives sowing up 9%

The kharif crop sowing has thus far beaten last year’s figures. The total acreage as of 21st Aug 2020 was 9% higher than the comparable period last year, led by rainfall surplus of 8% at the pan-India level. Here are the key highlights:

Rainfall above 8% of normal

* Currently, pan-India rainfall at 710.3mm is 8% higher than the normal rainfall (of 660.2mm) over 1st Jun’20 to 24th Aug’20.

* Western Uttar Pradesh (-22% v/s normal rainfall) has witnessed deficit rainfall to date; however, the rest of the areas have seen large-excess to normal rainfall.

* Normal rainfall was seen in western Rajasthan (-2% v/s normal rainfall), eastern Rajasthan (-5%), eastern Madhya Pradesh (-3%), western Madhya Pradesh (+10%), the Gujarat region (+12%), Punjab (-9%), eastern Uttar Pradesh (+6%), Odisha (-2%), Vidarbha (-6%), Chhattisgarh (+9%), Jharkhand (-9%), coastal Karnataka (+6%), and southern Karnataka (+13%).

* Bihar (+25%), Marathawada (+32%), Madhya Maharashtra (+33%), northern Karnataka (+53%), Telangana (+50%), and coastal Andhra Pradesh (+25%) witnessed excess rainfall.

 

All-India sowing up 9% YoY

* All-India sowing was up 9% YoY to 106.3mh as of 21st Aug’20, with all the key crop sowing areas higher v/s last year: cotton (+3% to 12.8mh), rice (+12% to 37.8mh), coarse cereals (+4% to 17.4mh), pulses (+7% to 13.3mh), oilseed (+14% to 19.1mh), sugarcane (+1% to 5.2mh), soybean (+7% to 12.0mh), and maize (+2% to 8.0mh).

 

To Read Complete Report & Disclaimer Click Here

 

For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412

 

Above views are of the author and not of the website kindly read disclaimer