28-06-2024 09:12 AM | Source: Geojit Financial Services Ltd
Agri Commodity Technical Report 28 June 2024 - Geojit Financial Services Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

* The area under paddy in Telangana this kharif season was at 72,243 acres as of Wednesday, up 340% from 16,408 acres a year ago, according to official data. The overall kharif acreage in the state was 3.8 mln acres, significantly up from 418,039 acres a year ago. One acre is around 0.40 hectare. Maize acreage was up at 125,235 acres from 7,525 acres the previous year. "Sowing of rainfed crops like jowar, bajra, maize, ragi, pulses, groundnut, soybean, cotton etc, is under progress. Raising of paddy nurseries and sowing of rainfed crops will be in full swing in the next two weeks," the state government report said. The state received moderate to good rain during the week to Wednesday at 36.7 mm rain, 29% above the normal of 28.4 mm. The water level in major reservoirs in the state was at 229.51 bln cu ft, lower than 360.05 bln cu ft a year ago, the data showed. Kharif crops are sown at the beginning of the first rains during the beginning of the southwest monsoon season around June, and harvested at the end of the monsoon season around October. Cotton, the major kharif crop grown in the state, was sown across 2.85 mln acres, massively up from 324,796 acres a year ago. The area under pulses, including red gram, green gram, horse gram, and black gram, was up at 202,360 acres from 32,068 acres last year. The area under coarse grains was at 142,785 acres, up from 9,610 acres a year ago. Food grain acreage rose to 417,639 acres from 58,086 acres. Oilseeds were sown across 206,187 acres, higher than 9,423 acres a year ago. Soybean, which accounted for 98.6% of the oilseeds acreage, was up at 203,242 acres from 8,840 acres. The Monsoon is likely to reach the national capital territory of Delhi anytime between Friday and Sunday, private weather agency Skymet said. The capital city and suburbs can expect some heavy showers during the weekend, the agency said. Pre-monsoon showers are likely over Delhi till the arrival of the monsoon over the weekend, Skymet said. Delhi has witnessed nearly drought-like conditions in the pre-monsoon months of March, April, and May as rainfall was below normal by 75%, 54% and 99% respectively, it said.

* The total acreage under kharif crops in Andhra Pradesh was 159,000 ha as of Wednesday, up 0.6% on the year, according to data from the state government. Farmers in Andhra Pradesh have sown paddy over 37,000 ha, down 37.3% from a year ago, the data showed. The area under food grains was 69,000 ha compared with 72,000 ha a year ago, while coarse grain cultivation was reported in over 15,000 ha compared with 10,000 ha the previous year. Pulses have been sown over 17,000 ha, up from 3,000 ha a year ago. The area under oilseeds--comprising groundnut, soybean, castor, sunflower and others--was down at 33,000 ha, the data showed. A year ago, the acreage was 40,000 ha. The area under cotton rose to 50,000 ha, from 37,000 ha a year ago, and acreage of sugarcane was at 8,000, the same as the corresponding period a year ago. Of the state's 26 districts, rainfall as of Wednesday was deficient in two since Jun 1. Normal and above normal showers were recorded in 24 districts. The state has received 124.9 mm rainfall since Jun 1 till Wednesday, against the normal of 85.4 mm. The water level in major reservoirs in the state as of Wednesday was 182.23 bcm, down from 273.66 bcm last year

* The area under kharif crops in Maharashtra rose to 4.36 mln ha on year from 248,755 ha, according to data from the state agriculture department released on Monday. Kharif crops are sown at the beginning of the first rains during the beginning of the southwest monsoon season around June, and harvested at the end of the monsoon season around October. The area under rice was at 69,816 ha, up from 61,555 ha a year ago. The area under food grains rose to 1.07 mln ha from 67,059 ha a year ago, according to the data. Acreage under pulses also rose to 514,481 ha from 2,395 ha a year ago. Sowing of maize, soybean and cotton has started in most parts of the state, the release said. The area under maize rose to 361,024 ha, from 1,501 ha in the previous year. Similarly, the area under cotton rose to 1.63 mln ha, from 179,910 ha last year, according to the data. Soybean acreage was higher at 1.58 mln ha, compared with 857 ha last year. Acreage under sugarcane rose to 29,143 ha from 788 ha a year ago. The water level in dams in Maharashtra is at 20.28% of the capacity, compared with 26.14% a year ago, according to data from the Maharashtra water resources department on Wednesday.

* India received 38.3 mm of rainfall in the week ended today, 19% below the normal weighted average of 47.6 mm for the period, according to the India Meteorological Department. During the week, three regions received belownormal rainfall, while one region received above normal rainfall. Rainfall in east and northeast India was 41% below normal at 53.0 mm, while northwest India received 20% below-normal showers at 18.1 mm, according to the data. In the central parts of the country, rainfall was 13% below normal at 47.9 mm during the week, while precipitation in the southern peninsula was 7% above normal at 41.8 mm. Of the 36 subdivisions, rainfall was "large deficient" in one subdivision and deficient in 19. Two subdivisions received excess showers and 11 received normal rainfall. There was "large excess" rainfall in three subdivisions, the weather bureau said. Since Jun 1, India has received 109.0 mm of rainfall, 19% below the normal level of 134.3 mm for the period.

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer