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Agri Picks Report March 20, 2024: Geojit

According to Geojit, The area under summer crops in Maharashtra rose 10% on year to 278,687 ha as of Monday, according to data published by the state agriculture department.

March 20, 2024 / 02:05 PM IST


Geojit's report on Daily Agri Picks

The area under summer crops in Maharashtra rose 10% on year to 278,687 ha as of Monday, according to data published by the state agriculture department. During the same period last year, summer crop acreage across the state was 253,316 ha. The average acreage for the five years from 2016-17 to 2020-21 for summer crops is 349,759 ha, the data showed. The area under pulses was at 5,916 ha, up from 5,818 ha a year ago. The area under moong surged to 4,509 ha from 4,437 ha a year ago, the data showed. Maharashtra is the third-largest producer of moong. The total area under cereals rose to 205,338 ha from 185,418 ha a year ago. The acreage under rice, the second major summer crop, was at 130,648 ha, up from 130,522 ha a year ago. The state's five-year average acreage for rice is 83,011 ha. The area under maize rose to 32,730 ha from 31,429 ha a year ago. Acreage under oilseeds rose to 67,433 ha from 62,080 ha a year ago, according to the data. Groundnut, the major summer crop, was sown across 54,068 ha, up from 39,946 ha a year ago. The five-year average acreage for the crop is 90,605 ha, the data showed. Soybean acreage plunged to 3,419 ha from 14,800 ha a year ago. As of Tuesday, the water level in the state's dams was 41.57% of the capacity compared with 58.64% a year ago, according to data from the state water resources department. India's non-basmati rice exports plunged 29% on year to $3.68 bln in Apr-Jan, accounting for over 18% of the total exports of agricultural products, according to data collated by the Agricultural and Processed Food Products Export Development Authority. In terms of volume, non-basmati rice exports fell to 9.12 mln tn in Apr-Jan from 14.56 mln tn in the same period last year. The government banned exports of non-basmati white rice on Jul 20 due to rising domestic prices and concern relating to El Nino. However, exports of white rice would be permitted to other countries to meet their food security needs based on the requests of foreign governments. Basmati rice exports rose 20% on year to $4.58 bln in Apr-Jan and accounted for 23% of the total exports of agricultural products. In terms of volume, basmati rice exports rose to 4.10 mln tn from 3.65 mln tn in the year-ago period, the data showed. Basmati and non-basmati rice together accounted for 41% of the total value of agricultural exports in Apr-Jan. The total exports of farm products and processed foods fell 8% on year to $20.03 bln in Apr-Jan from $21.80 bln in the corresponding period a year ago. Exports of meat, dairy, and poultry products rose above 10% on year to $3.69 bln in Apr-Jan. Exports of processed fruits and vegetables rose 10% on year to $1.78 bln in Apr-Jan. The data also showed that pulses exports rose nearly 7% on year to $508 mln in Apr-Jan. Groundnut exports gained 8% on year to $690 mln. Exports of guar gum fell nearly 18% on year to $437 mln. India is the world's largest producer of guar gum.

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20032024 - co

first published: Mar 20, 2024 09:08 am

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