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Moong Dips At M.P/U.P/Rajasthan

14 Jul 2020 8:19 pm
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Mumbai (Commodities control) – Moong prices traded weak Rs 50-200/100Kg as per quality on Tuesday, in Madhya Pradesh, Rajasthan and Uttar Pradesh amid thin mill buying and ongoing arrivals.

Meanwhile, demand and sale counters in processed Moong reported dull participation.

Trade activity has been lukewarm, as some markets are shut due to lockdown and labour shortage. Even demand is sluggish due to rainfall in major producing and consumption areas.

In Delhi, Ranchi, Madhya Pradesh and Uttar Pradesh origin Moong priced unchanged as per quality on the absence of mill buying, ample stocks in godown and regular supply from various origins. Sentiments were dampened as new kharif Moong crop is expected to arrive from next month in Maharashtra/Karnataka along with Rajasthan from September.

Millers were interested in purchasing good quality Moong for crushing. However, average quality arrivals at various origin were witnessed due to recent rains. Meanwhile higher arrivals dampened sentiments.

kharif sowing is reported to be higher and new crop will likely arrive from mid- August in Karnataka.

As on July 11, 2020, NAFED has successfully procured 4040.63 MT of Moong at Minimum Support Price of Rs 7,050.

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

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

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