Mumbai, 07 May 2024 (Commoditiescontrol): Moong prices maintained stability on Tuesday, with notable exceptions in certain regions. In Indore, prices experienced a Rs 25 increase per quintal, attributed to robust demand fueled by lower soil moisture conditions.
In farmside transactions, Moong saw a Rs 100 uptick, while lower-quality variants witnessed a decline of Rs 1,100. Indore witnessed a significant increase in the arrival of new moong, totaling 220 quintals, predominantly consisting of lower-quality produce, leading to a Rs 1,100 drop in auction prices, settling at Rs 5,700 per quintal. Conversely, good quality moong remained steady at Rs 8,300 per quintal.
New summer moong rose by Rs 100, priced between Rs 8200 to Rs 8400 per quintal, while export-quality moong mogar and moong peel prices remained unchanged.
Experts forecast a softening in prices with increased arrivals of new moong, anticipating a need-based procurement approach by millers. However, the looming heatwave 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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