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Moong trades unchaged at local markets on slow mill demand

28 Jun 2022 6:11 pm
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Mumbai, 28 Jun (Commoditiescontrol): Moong prices maintained steady tone at local market on slow mills purchase to fulfill immediate requirement for crushing.

Most markets were closed due to Amavasya or (no moon day). At Naya Bazar market of Delhi, U.P/M.P & Ranchi origin Moong were offered between Rs 6,125-6,550/100Kg each on mills purchase. However, offtake in processed moong reported slow.

Meanwhile, no arrivals pressure of summer crop moong seen as farmers are busy with Kharif sowing activity. However, moong prices are likely to get support at lower rates as the government is gearing up summer crop procurement.

Monsoon advance in producing belt has provided a breather in the current scenario for moong sowing done earlier, but rainfall remains below expectation in the rest of the area where sowing is yet to be done. It may be noted that the sowing window for Moong is open till June end in major Moong producing and till July 15 in some areas.

Interestingly, the area under pulses during the Kharif season is likely to be less as farmers have opted for sowing other crops that are likely to offer higher returns.

As on June 28, 2022, NAFED has procured 5,408 MT of Moong at MSP of Rs 7,275 under PSS during the 2022 Rabi season. Tamil Nadu:4,004 MT, Andhra Pradesh:745 MT and Odisha:659 MT.

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

(By Commoditiescontrol Bureau: +91-22-40015505)

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