Peanut Market News January 20, 2018
Planting of crops in the current rabi season is at the fag end, with the acreage 0.52% less compared with this time a year earlier, data from the agriculture ministry showed. The figures suggest that acreage of wheat, coarse cereals and oilseeds decreased from a year earlier, that with pulses and rice increased.
Winter crops were planted on 617.79 lakh hectares as of Friday , compared with 620.99 a year ago, according to data from the agriculture ministry.
The government's target for this year is to plant rabi crops on 623.53 lakh hectares.
Wheat planting fell by 4.02% to 298.67 lakh hectare, largely in Maharashtra, Madhya Pradesh, West Bengal, but increased in Gujarat, Himachal Pradesh and Karnataka, the ministry said.
Mustard which is the key oilseed crop in the season also saw planting less than 5.01% at 66.60 lakh hectare. Other crops like groundnut, sunflower and linseed saw an increase.
However, farmers increased planting of pulses by 4.72% to 163.11 lakh hectare compared with the previous year. The maximum increase in pulses was seen in gram (chana), lentil, moongbean and kulthi largely in Madhya Pradesh, Karnataka and Andhra Pradesh.
Further, in Tamil Nadu, Andhra Pradesh, Kerala, Odisha and Telangana there was an increase in rice acreage. Overall acreage increased by 39.59% at 22.32 lakh hectare.
Water levels in key reservoirs were also lower than last year, according to the Central Water Commission that monitors 91 major reservoirs in the country. The reservoirs held 76.694 billion cubic metres of water, 8% less than at the same time last year and the 10-year average, suggesting poor availability for crop to be planted in between April-June.