*Kharif sowing picks up as monsoon intensifies * **
** ** *Jump in area under oilseeds, coarse cereals, cotton. * Our Bureau New Delhi, July 12 The monsoon's general revival over the past 10 days or so has spurred kharif sowing in most States, barring Madhya Pradesh, Uttar Pradesh and Bihar, which have received deficient rainfall. The sowing activity is reflected in crop acreages. Farmers have planted 72.3 lakh hectares (lh) under rice this time, which is more than the 68.67 lh covered at this time last year. At the same time, the area has fallen in Uttar Pradesh (2.57 lh against 9.11 lh) and Bihar (1.66 lh against 2.47 lh). The same trend in visible in soyabean, where overall area sown is higher (34.24 lh versus 31.62 lh), but lower in Madhya Pradesh (14.3 lh versus 20.10 lh). Madhya Pradesh has also reported a decline in pulses coverage (1.41 lh versus 2.27 lh). Another State where planting is trailing in most crops is Karnataka – maize (5.07 lh versus 7.93 lh), pulses (2.73 lh versus 3.55 lh), groundnut (1.28 lh versus 2.29 lh), sunflower (0.81 lh versus 2.57 lh), cotton (2.04 lh versus 2.28 lh) and jowar (1.31 lh versus 1.99 lh). There have been very goods rains in Maharashtra and Andhra Pradesh. This, in turn, lifted overall area under oilseeds, coarse cereals and cotton. Maharashtra has seen huge jumps under cotton (26.5 lh versus 11.57 lh), soyabean (17.31 lh versus 6.41 lh), jowar (5.65 lh versus 1.90 lh), bajra (6.11 lh versus 0.85 lh), maize (4.06 lh versus 1.03 lh) and groundnut (1.58 lh versus 0.20 lh). The same story holds true for Andhra Pradesh, where farmers this time have brought in more land under cotton (9.45 lh versus 5.79 lh), groundnut (5.03 lh versus 2.03 lh), maize (2.64 lh versus 1.37 lh), arhar (1.17 lh versus 0.68 lh) and moong (1.05 lh versus 0.70 lh). Our Chennai Bureau reports:The fall in the soyabean acreage in Madhya Pradesh is telling on its prices. Soyabean prices gained on Monday with prices on the futures closing at Rs 1,920 a quintal for June contracts. Along with soyabean, prices of groundnut oil soared in Rajkot and Mumbai. Cottonseed oil too gained in tandem. With area under rice increasing, the prices for the foodgrain continued to seek lower levels. http://www.thehindubusinessline.com/2010/07/13/stories/2010071351871800.htm -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
