Indian Share Market Tips|Kharif acreage declines marginally
Total area under Kharif cultivation stands at 1023 lakh hectare (LH) as compared to 1,027 LH covered during the corresponding week last year, recording a marginal drop of 0.41%, according to the latest update from Agri Ministry.
Rice planting was completed on 370 LH as against 368 LH covered in the same period in the previous year - up slightly by 0.57% on the year.
Acreage under oilseeds stood at 171.30 LH, up 2.51% with strong gains in Soybeans. The acreage under the commodity rose by 6.24% to 111.76 LH. Groundnut area dropped by 1.71% to 39.14 LH.
Total acreage under coarse cereals dropped 3.85% to 172.31 LH. Maize acreage was almost flat at 77.83 LH. Pulses area also dropped 2.55% to 132.66 LH with Urad acreage sliding by a sharp 12.80% to 37.57 LH.
Sugarcane acreage soared 4.17% to 52 LH. Cotton acreage dropped 1.85% to 117.66 LH.
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