Mumbai, 13 Nov (Commoditiescontrol): Moong prices held largely stable on Wednesday, as weak trading activity and subdued sentiment kept market movements limited. While Bidar and Narsinghpur markets registered slight gains, other areas saw minimal trading interest. In Rajasthan's Nagaur and Karnataka's Yadgir, prices softened under the weight of increased arrivals, with Rajkot experiencing consecutive declines. Across southern India, including Karnataka, Telangana, and Andhra Pradesh, moong prices largely remained unchanged.
In Delhi, Rajasthan-origin moong prices rose slightly, trading between ₹6,550 and ₹7,550 per quintal on steady demand.
In major markets such as Kishangarh, Indore, Latur, and Gulbarga, prices were stable, supported by controlled buying and limited arrivals, which helped prevent further price drops. In Rajkot, quality concerns and recent stock inflows added pressure, tempering local market sentiment.
NAFED’s November 11 auction results for Moong reveal prices across different regions and seasons. In Madhya Pradesh, Summer 22 Moong was priced between ₹6,841 and ₹6,842 per quintal, while Summer 23 Moong ranged from ₹7,501 to ₹7,522 per quintal. In Gujarat, Summer 24 Moong was set at ₹7,325 per quintal.
As of November 11, 2024, NAFED has procured 40,491.68 metric tons of moong, supporting farmers and stabilizing market prices as part of the government’s pulse procurement initiative.
Looking ahead, analysts anticipate moong prices to stay subdued due to reduced demand after the festival season and steady market arrivals. However, significant declines are unlikely, as prices have already adjusted from highs of around ₹9,000 in Jaipur in recent months. Continued government and stockist purchases are expected to lend stability, supporting prices in the near term.
Spot Raw Moong Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
