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Summer Crop Moong Weak At Gujarat, M.P, U.P On Increased Arrivals

22 May 2020 6:34 pm
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Mumbai (Commodities control) –New summer crop Moong remained weak as per quality on Friday, at major markets of Gujarat, Madhya Pradesh and Uttar Pradesh amid thin mills buying and increasing arrivals.

Moreover, demand and sale counter in processed Moong reported slow.

Stockiest are sidelined at current higher prices.

Arrivals of new summer crop is likely to be began in Bihar/Jharkhand/Uttar Pradesh from next month.

Sowing of summer crop in Madhya Pradesh/Gujarat is higher as Compared with last year due to higher MSP, increased water availability following good monsoon last year and lower output of Kharif Moong.

As per market talk, Moong prices likely to get support at lower rates due to lower kharif output and less availability with government agency and private traders. Millers will also prefers parity in crushing at lower rates.

Spot New Raw Green Gram (Moong) Prices In Key Indian Markets:

(By Commoditiescontrol Bureau; +91-22-40015513)

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