25-01-2024 11:25 AM | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 25 January 2024 - Geojit Financial Services

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* The area under summer crops in Karnataka fell 30.5% on year to 68,800 ha in the current season as of Saturday, but it is still higher than the normal area of 64,000 ha for the season, according to the state agriculture department's report. The state had sown crops over 99,000 ha in the same period, a year ago. The state has set a target of 654,000 ha for this season and so far 10.5% of the target area has been covered. The acreage under paddy was 19,800 ha, down from 74,000 ha in the corresponding period last year. The state has set a target of 380,500 ha for the season, accounting for over 58% of the total area. Chana was sown over 500 ha and the state has set a target area of 3,300 ha for chana sowing for this season. The total area under rabi pulses was 3,200 ha, up from 2,000 ha a year ago. The target area for pulses for the current season has been set at 15,000 ha. Karnataka, the top maize producer, has sown the crop over 5,300 ha, up from 3,000 ha a year ago. The target for the area under maize is set at 54,000 ha in the current season. The area under cereals fell to 29,800 ha as of Saturday, down from 79,000 ha a year ago. As of Saturday, the area under oilseeds was up at 32,000 ha, twice the sowing area in the corresponding period last year. The target for the current season has been set at 132,900 ha. Groundnut acreage was at 30,600 ha, up from 14,000 ha a year ago, it showed. Groundnut, sunflower, and safflower are the key oilseeds grown in the state.

* India's spices exports during Apr-Oct rose 8% on year to 855,341 tn, according to data from the Spices Board India. In terms of value, exports rose 8% to $2.4 bln during the period from $2.3 bln earlier. The rise in exports was notable in chilli, turmeric, coriander, and a few others. Chilli exports increased 16% on year at 302,187 tn, but jeera exports fell 31% on year to 84,475.4 tn during the period, according to data from the Spices Board. Coriander exports rose by 210% on year to 76,848.3 tn, and garlic exports rose 95% on year to 62,026 tn. India is a major producer and exporter of coriander. During Apr-Oct, turmeric exports increased 3% on year to 102,163 tn, according to Spices Board data. India accounts for about 80% of the world's turmeric production and 60% of the world's exports, according to NCDEX.

* The area under rabi crops in Maharashtra fell 5.3% on year to 5.61 mln ha as of today, according to data published by the state agriculture department. The acreage was 5.93 mln ha a year ago. So far, 104% of the average rabi crop area of 5.40 mln ha in the state has been covered, the department said. Acreage of gram, a key rabi crop in the state, fell to 2.57 mln ha from 2.89 mln ha a year ago, the data showed. The area under pulses was at 2.69 mln ha, down from 3.04 mln ha a year ago. Gram, wheat, safflower, mustard, and sorgum are the major rabi crops in the state. Wheat acreage was at 973,759 ha, down from 1.1 mln ha a year ago. The area under jowar rose 19.2% on year to 1.55 mln ha. The total area covered under cereals rose 1.4% on year to 2.86 mln ha. Oilseed acreage fell to 70,592 ha from 74,412 ha a year ago, according to the data. Safflower was sown across 42,463 ha, up from 30,328 ha a year ago, while sunflower acreage fell to 2,710 ha from 8,375 ha last year. As of today, the water level in the state's dams was 56.4% of capacity compared with 81.6% a year ago, according to data from the state water resources department.

* The area under rabi crops in Gujarat was at 4.59 mln ha in the current season as of Monday, up 3% from 4.46 mln ha last year, according to data from the state agriculture department. The area under maize in the state rose nearly 9% on year to 115,426 ha. Gujarat is one of the top 10 states in India producing maize. The acreage of rabi cereals was down 1.5% on year at 1.40 mln ha. However, the area under wheat, the key rabi crop grown in the state, has been falling during the current rabi season. Wheat acreage was down 3.6% at 1.25 mln ha, from 1.29 mln ha a year ago. The area of wheat grown on irrigated land in the state was 1.22 mln ha, down from 1.27 mln ha a year ago. While the acreage of wheat grown on the unirrigated land is 25,231 ha, which is lower than 26,820 ha. The normal area for the crop, which is the average of the last three years, is 1.30 mln ha. Wheat, cotton, mustard, and cumin are the main rabi crops in Gujarat. Also, the state is known for growing vegetables like onion, potato, and tomato during this season. The acreage of rabi pulses was down 16.2% on year at 676,416 ha. The acreage of chana, the major pulse in Gujarat and accounting for 93% of the rabi pulses, was at 630,457 ha, down from 764,463 ha a year ago. Of the total oilseed acreage at 277,781 ha, mustard was sown across 277,332 ha, and was down 9.1% on year from 307,369 ha, the data showed. The area under jeera has more than doubled to 561,306 ha, from 275,832 ha last year. The normal area for the crop is 350,666 ha. Gujarat is the largest producer of the spice. The acreage under coriander was down 43% on year at 127,035 ha. Gujarat is the secondlargest producer of the spice. Among other crops, sowing of tobacco was down 2.5% from the previous year at 134,959 ha, while that of sugarcane rose to 197,103 ha from 179,524 ha.Sowing of vegetables dropped marginally to 203,239 ha from 201,230 ha last year. Acreage of potato, on other hand, rose slightly to 134,857 ha from 131,432 ha the previous year.The area under fodder was at 602,286 ha, down from 610,130 ha in the year-ago period.

 

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