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Moong Widen Losses At Selective Mkts; Sowing Up 199.36 %

3 Jul 2020 9:31 pm
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Mumbai (Commodities control) – Moong prices widened losses as per quality on Friday, in selected markets amid thin mills' buying support and ongoing arrivals.

Millers were interested in purchasing good quality Moong for crushing. However, average quality arrivals in various origin because of recent rain and higher arrivals had dampened sentiments.

Meanwhile, demand and sale counters in processed Moong reported thin participation.

As on July 1, 2020, NAFED has successfully procured 3564.33 MT of Moong at Minimum Support Price of Rs 7,050.

Stockiests are sidelined at current prices, despite lower stocks with government agencies and private traders/millers.

Locust attack hit the summer moong crop in the several districts of Rajasthan, MP and UP.

Recent rain will damage the quality of Moong in Madhya Pradesh, Uttar Pradesh and Bihar.

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

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

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