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New Moong Witnesses Mixed Trend In Major Mkts

1 Oct 2020 5:54 pm
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Mumbai (Commodities control) – New kharif Moong traded mixed, as per quality, in major markets on Thursday, 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.

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.

Government agencies have commenced liquidating old procured stock.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 new kharif Moong at MSP prices. Farmers continue to be in possession of the stock and eagerly waiting for government to procure. 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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