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Moong Prices Traded Higher At Major Markets

29 May 2020 7:26 pm
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Mumbai (Commodities control) – Moong prices traded higher as per quality on Friday, at major markets amid mills' buying support at lower rates for immediate requirement for crushing.

Moreover, arrivals pressure has also slowed down at lower rates as farmers reluctant to sell at lower rates and also farmer in Madhya Pradesh are busy preparing their farms for soybean cultivation.

Millers from Delhi, Punjab, Maharashtra and Gujart were active in purchasing new Moong frpm Madhya Pradesh for immediate requirement for crushing at lower rates.

Meanwhile, demand and sale counter in processed Moong reported slowness.

Stockiest are sidelined at current prices.

Arrivals pressure of summer crop in Bihar/Jharkhand/Uttar Pradesh from 1st week of June may keep prices under pressure.

The locusts attack have hit the summer moong crop in the districts of Madhya Pradesh and Uttar Pradesh. The attack happened just when farmers were preparing for a good harvest of moong.

As per market talk, moong prices are likely to get support at lower rates due to lower kharif output and lesser availability with government agency and private traders. Millers will also prefer 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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