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New, Old Moong Traded Mixed In Major Mkts

25 Sep 2020 7:27 pm
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Mumbai (Commodities control) – New kharif Moong traded mixed, as per quality, in major markets on Friday, amid limited mill buying against ongoing arrivals.

Yield and quality of new Moong affected due to rain. Moisture content was noted to be higher in new Moong arrivals.

Similarly, old Moong witnessed mixed trend, as per quality, in major markets on thin mills' trade activity.

Moong prices are supported due to damage to the standing crop because of continuous rains, fresh hike in the MSP by the government. Moong has totally ignored the reports of higher kharif output in the country this year and record production estimates.

India’s 2020-21 Kharif moong sowing is up 15.58 %, as on September 25, at 35.84 Lakh Ha.

Around 35-37% of new Moong is suspected to be damaged in belts of Rajasthan, such as Nagaur, Pali, Jalore, Jodhpur, Sikar and Barmer, due to yellow Mozaic disease. Earlier crop was attacked by locust.

Buyers are interested in good quality supplies, for immediate processing requirement. Millers were facing difficulty in getting good quality Moong for crushing and polishing due to arrival of pest-damaged quality of new Moong.

Demand and sale counters in processed Moong reported limited participation.

Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year. Meanwhile, government agencies are yet to procure at MSP prices. Farmers continue to be in possession of the stock. Arrivals and supplies stocked in godowns meanwhile are enough to offset current requirements.

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

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

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