Moong Gains in Jaipur, Weak at Veraval

Mumbai (Commodities control) – Moong price moved higher, as per quality, on Monday at Jaipur market amid local mills' buying on immediate requirement for crushing. While, Summer crop new Moong declined, as per quality at Veraval market on thin buying.

Moong prices gained by Rs 100 to Rs 6,500-7,100/100Kg at Jaipur market. While, Summer crop new Moong fell by Rs 200 to Rs 6,000-6,500/100Kg with arrivals of 700 bags at Veraval market.

Robust summer crop sowing was reported in Madhya Pradesh and Gujarat on the back of increased water availability following good monsoon last year. MSP was also higher at Rs 7,196/100Kg.

Centre Sanctioned Procurement of 34020 MT Summer Moong in MP under PSS at MSP For 2020-2021.

Summer crop new Moong may see some losses due to rain in producing states of Uttar Pradesh and Bihar.

Moong prices are expected to remain under pressure after Government lifted restrictions from its imports.

Mozambique origin Moong priced at of $710 per ton on cnf basis.

Already new moong traded below MSP, as per quality.

Farmers are still holding kharif crop Moong in Madhya Pradesh and Rajasthan. 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)