Mumbai, March 19 (Commoditiescontrol):During the week ending March 18th, 2023, the cost of Moong, including both average and superior quality, rose by Rs 300/100kg in the Jaipur market. This was due to increased demand from mills for crushing operations, driven by a surge in processed Moong sales. Moreover, the price increase was further supported by a strong uptrend in other pulses, owing to unfavourable weather conditions for Rabi pulses.
Likewise, at the Jalgaon market in Maharashtra, the prices of superior-quality Moong increased by Rs 300/100 kg, driven by mill demand. However, the prices of average-quality Moong remained steady. Additionally, the superior quality Moong prices rose by Rs 50/100Kg at the Harda market in Madhya Pradesh.
Conversely, Rajasthan origin moong remained almost unchanged in the Delhi market and traded at Rs 8,200-8,400/100kg.
In Jaipur, the rates of Moong dal processed from average quality increased by Rs 300 and were priced at Rs 9,000/100Kg, while the superior quality saw a rise of Rs 100 and was priced at Rs 9,400/100Kg, driven by demand. Meanwhile, in Gulbarga, the prices of Moong processed from both average, and superior quality remained steady at Rs 9,900/100kg and Rs 10,000/100kg, respectively.
Desi Moong (Jaipur) - More near term upside probable / we see the next resistance at Rs 8,225 followed by Rs 8,500. Click here
Trend: Trend: As per market analysts, the trading of Moong is likely to decrease at higher prices as the demand for processed Moong may be limited to only necessary requirements. The price of Moong may encounter resistance at current levels due to the active selling of old procured Moong by Nafed, a government agency, in Rajasthan, Madhya Pradesh, and Karnataka. However, the price of superior quality Moong may not drop significantly as the supply of such Moong is limited, and sellers are not active as most of the stock is held by big stockiest or strong hands. The availability of good quality Moong is expected to remain tight until the Rabi crop arrives, which is likely to help maintain price stability.
(By Commoditiescontrol Bureau: 09820130172) 
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