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Geojit Financial Services's report on Daily Agri Picks

Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry. Rice, which is the largest summer crop both in terms of acreage and production, was sown across 3.2 million hectares as of Friday, up 14.3% from 2.8 million hectares a year ago. The acreage under coarse grains, including jowar, bajra, ragi, and small millets, increased to 1.2 million hectares from 1.1 million hectares. The acreage under maize, the largest coarse cereal grown during the season, rose to 750,000 hectares from 590,000 hectares last year. The acreage of bajra, the second-largest coarse cereal, rose to 422,000 hectares from 410,000 hectares a year ago. The area under all the pulses rose 22% to 2.0 million hectares from 1.6 million hectares sown in the same period last year. Under pulses, acreage of moong rose to 1.7 million hectares from 1.3 million hectares a year ago, and that of urad rose to 307,000 hectares from 265,000 hectares last year. Total area sown under all the oilseeds rose to 923,000 hectares from 883,000 hectares a year ago, according to the data. The acreage under sesamum rose nearly 4% on year to 449,000 hectares. Groundnut acreage rose 4.8% on year to 431,000 hectares. As on Thursday, water level in 161 key reservoirs in the country was 64.814 billion cubic metres, nearly 35.5% of the total live storage capacity, data from the Central Water Commission showed. But the water levels are up 18% from a year ago, which is aiding summer crop acreage this year.

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