Mumbai, April 08 (Commoditiescontrol):For the week ending April 8th, 2023, the prices of Moong in Jaipur remained mostly steady for the second straight week, mainly due to limited trade activity by mills at higher rates and slow offtake in Moong Dal.
In contrast, at the Jalgaon market in Maharashtra, the prices of superior quality Moong rose by Rs. 300 and closed at Rs. 10,500/100 kg due to demand from mills for crushing operations. However, the price for average quality moong remained stable at Rs. 9,000.
Meanwhile, at the Delhi market, both average and superior quality Moong from Rajasthan saw a decrease in price by Rs. 300/100kg due to slack mills purchasing at higher rates.
In the bilty trade for Vijaywada delivery, Guntur line new Rabi Moong traded at Rs. 7,450-7,500/100Kg, and Krishna district new Moong polish traded at Rs. 8,200/100Kg.
In Jaipur, the prices of Moong dal processed from both average and superior quality decreased by Rs. 200 to reach Rs 9,600/100kg and Rs. 10,200, respectively, due to dull offtake at higher rates.
Similarly, in Gulbarga, the prices of Moong dal processed from both average and superior quality declined by Rs. 100 each to trade at Rs. 10,800/100Kg and Rs. 10,900/100Kg, respectively.
Based on the latest sowing data, Moong sowing for the summer crop in Gujarat decreased by 36% and covered 41,840 hectares this year, which is lower than the 65,409 hectares sown last year.Sesame seeds have replaced the area of cultivation for Moong.
In contrast, India's Moong sowing for the summer crop increased by 89% as of April 07, with 7.51 lakh hectares being covered this year compared to 3.98 lakh hectares during the same period last year.
Trend: Over the next few weeks, it is likely that Moong prices will experience a decline as a result of an anticipated increase in supply. This is evident from the price of new Rabi Moong from the Guntur line and Krishna district's latest Moong polish intended for delivery to Vijayawada, which are currently being traded at a discounted rate as compared to the prevailing market prices. Moreover, new Moong crops are expected to be harvested in Gujarat and Madhya Pradesh in May and June, respectively, which will further contribute to the increase in Moong supply in the coming weeks.On the other hand, there has been a slowdown in demand for Moong due to higher prices. As the demand for Moong continues to decline and new crops continue to be harvested, it is expected that the price of Moong will face downward pressure in the upcoming weeks. Additionally, the sowing of India's summer crops has seen a significant 89% rise, which is likely to lead to an even greater increase in Moong supply in the near future.
(By Commoditiescontrol Bureau: 09820130172) 
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