Mumbai, 04 Dec (Commoditiescontrol): Moong (green gram) prices remained mostly stable across Indian markets on Wednesday, reflecting subdued trading activity and a reduction in arrivals. A significant factor contributing to limited trading was the closure of several markets in Madhya Pradesh, where traders protested against recent atrocities targeting Hindus in Bangladesh. Consequently, many markets reported unchanged prices, while a few saw slight declines.
In Delhi, no quotes were available.At Rajkot, Gujarat, prices were steady, ranging between ₹5,400 and ₹7,600 per quintal. Several markets in Madhya Pradesh, including Harda and Khirkiya, reported no trading activity. In Narsinghpur, prices declined by ₹90 per quintal. Similarly, Rajasthan's Kishangarh, Merta, and Kekri markets did not report quotes, while Karnataka’s Gadag and Bidar markets experienced declines.
To stabilize the market, the National Agricultural Cooperative Marketing Federation of India (NAFED) has intensified procurement under the Minimum Support Price (MSP) scheme. As of November 25, 2024, NAFED had procured 71,505 metric tons of moong, predominantly from Rajasthan, Karnataka, and Telangana, against its target of 334,416 metric tons.
Recent auctions by NAFED revealed regional price differences. For example, in Madhya Pradesh, the 2022 crop was priced at ₹6,841–₹6,842 per quintal, while the 2023 crop commanded higher rates of ₹7,501–₹7,522. In Gujarat, the 2024 summer harvest was quoted at ₹7,325 per quintal. Procurement processes in Rajasthan were further streamlined by replacing outdated procurement tokens with new ones issued by NAFED and RAJFED, a measure expected to boost operational efficiency.
On December 4, 2024, NAFED's auction in Madhya Pradesh included 85,079.74 quintals of moong, with significant contributions from Rabi 2023 and Rabi 2022 stocks. Key supply hubs included Dewas, Narmadapuram, and Raisen for Rabi 2023, while Harda and Rehti-Bori led Rabi 2022 contributions.
Market analysts anticipate that moong prices will remain range-bound in the near term, supported by moderate demand and steady arrivals. Government procurement initiatives and stockist activities are expected to provide a price floor, ensuring stability despite subdued market conditions.
Spot Raw Chana Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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