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The UN Food and Agriculture Organization's Food Price Index increased by 0.5% in November, reaching 127.5 points, driven by higher vegetable oil and dairy prices, despite declines in meat, cereals, and sugar. In Rajasthan, rabi crop sowing has risen to 9.9 million hectares, a 10.1% increase from last year, with significant gains in wheat and pulses, while oilseed acreage has decreased. The state's rabi sowing target is set at 12.0 million hectares.
Farmers in Gujarat have sown rabi crops over 2.1 million hectares, a 28.4% decrease from last year. Wheat acreage is down 29.4% to 485,770 hectares, while total cereal sowing has fallen to 580,061 hectares. Other crops, including pulses and oilseeds, also show significant declines in acreage compared to the previous year.
Farmers in Gujarat have sown rabi crops over 2.1 million hectares, a 28.4% decrease from last year. Wheat acreage is down 29.4% to 485,770 hectares, while total cereal sowing has fallen to 580,061 hectares. Other crops, including pulses and oilseeds, also show significant declines compared to the previous year.
Dalal Street experienced a nearly 1% gain for the week ending November 29, buoyed by easing geopolitical tensions, a strong BJP victory in Maharashtra, and falling oil prices. The market is expected to remain rangebound with a positive bias, focusing on the upcoming RBI policy, US jobs data, and PMI numbers, while the BSE Sensex rose to 79,803 and the Nifty 50 to 24,131. Stability will hinge on economic data, with investors keenly awaiting the RBI's monetary policy decisions.
Farmers in Rajasthan have sown rabi crops over 8.65 million hectares, an 8% increase from last year. Notable rises include wheat acreage, up 28.6% to 1.85 million hectares, and chana, up 12.8% to 1.85 million hectares. However, oilseed acreage has decreased to 3.25 million hectares from 3.51 million hectares.
Farmers in Gujarat have sown rabi crops across 1.2 million hectares, a 42.5% decrease from last year. Notable declines include chana (down 41.5%), wheat (down 46.2%), and mustard (down 40%), while tobacco acreage increased. Overall, the area under various crops has significantly contracted compared to the previous year.
Farmers in Gujarat have sown rabi crops across 1.2 million hectares, a 42.5% decrease from last year. Notable declines include chana (down 41.5%), wheat (down 46.2%), and mustard (down 40%), while tobacco acreage increased. Overall, the area under various crops has significantly contracted compared to the previous year.
Dalal Street is set for a robust opening on November 25, following the BJP-led Mahayuti alliance's significant victory in the Maharashtra Assembly elections. Experts predict the Nifty could approach the 24,000-mark, with potential gains of 1 to 1.5 percent, reflecting heightened investor confidence and continuity in economic policies. The unexpected scale of the victory has further fueled optimism in the markets.
Farmers in Karnataka have sown rabi crops on over 1.3 million hectares, a 4.1% decrease from last year. Key crops include jowar, wheat, and chana, with wheat acreage rising significantly to 65,000 hectares. The state has received 205 mm of rainfall since October 1, exceeding normal levels by 31%.
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