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New Moong Traded Mixed In Major Mkts

29 Sep 2020 6:40 pm
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Mumbai (Commodities control) – New kharif Moong traded mixed, as per quality, in major markets on Tuesday, amid limited mill buying against ongoing arrivals.

Yield and quality of new Moong is affected due to rains in major producing centers. Moreover, crop is reportedly damaged due to Yellow Mozaic disease and locust attacks in Rajasthan.

Buyers are interested in good quality supplies, for immediate processing requirement. Millers were facing difficulty in getting good quality Moong for crushing and polishing due to arrival of pest-damaged quality of new Moong.

On other hand, old Moong traded almost flat, as per quality, in major markets of Rajasthan on thin mills' trade activity.

Demand and sale counters in processed Moong reported limited participation.

Major markets of Madhya Pradesh was closed in protest against government to reduce mandi tax.

Haryana Government To Start Kharif Moong Crop Procurement in maximum quantity of 5,825 MT At MSP of Rs 7,196/100Kg From October 1,2020.

The central government will provide processed moong from its buffer stock to state governments either in bulk quantity or in one or half kilo pack for retail sale at a subsidised rate in the current lean period in a bid to check any possible price rise. Moong will be offered at Rs 92 per kg. The Centre has a buffer stock of over two lakh tonnes of moong under the PSF at present.

Robust summer crop of Moong was reported this year in Madhya Pradesh and Moong supply will most likely continue till next year. Meanwhile, government agencies are yet to procure at MSP prices. Farmers continue to be in possession of the stock. 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)

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