Mumbai, 09 May 2024 (Commoditiescontrol): Moong prices remained largely stable on Thursday, across major trade center, with exception of Jaipur where price slipped by Rs 100 per quintal due inferior quality arrival. Due to lack of demand and withdrawal of buyers, the price of new summer moong fell by Rs 150. In business deals its price was quoted at Rs 8,200 to Rs 8,250 per quintal. Average quality moong also declined by Rs 200.
However, the prices of moong in the market rose by Rs 1,880 from the lower level. The arrival of moong in the major mandi tracked by commmodities control et increased from 544 Mt to 772 Mt, the price of which was Rs 7,580 to 8,255 per quintal. Moong dal prices remained stable. There was no change in the prices of export quality moong mogar and moong peel.
At Bidar market of Karnataka, Moong saw a Rs 179 uptick for best quality and lower-quality. Indore witnessed a significant increase in the arrival of new moong, totaling 220 quintals. Good quality moong remained steady at Rs 8,300 per quintal.
Today, 198 quintals of moong arrived in Madhya Pradesh's Dhamnod mandi, priced at Rs 7,710-8,015 per quintal. Khargone mandi saw slightly lower prices of Rs 7,000-8,100 per quintal.
Experts forecast a softening in prices with increased arrivals of new moong, anticipating a need-based procurement approach by millers. However, the looming heatwave should limit arrivals and strong demand at lower levels are expected to provide support in the near term. Although a sharp rise is improbable until arrival pressures ease, prices are projected to maintain a broad range in the foreseeable future.
Spot Moong Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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