Mumbai, 09 Dec (Commoditiescontrol): Moong (green gram) prices began the week on a steady note across Indian markets on Monday, with limited miller participation and reduced arrivals defining the trend. However, Karnataka's Gadag market stood out, reporting a price surge amidst otherwise stable conditions.
In Rajkot, the desi variety of moong held steady, while Rajasthan-origin moong prices remained unchanged in Delhi. Other key markets like Indore and Pipariya also witnessed no price movement. Meanwhile, trading activity was absent in Harda, Khirkiya, and Narsinghpur.
Karnataka, too, displayed a generally steady trend, with the notable exception of Gadag, where prices climbed to trade between ₹7,000 and ₹8,320 per quintal. Across other regions, trading levels remained stable, reflecting subdued activity.
To support farmers and stabilize prices, the government has intensified procurement under the Minimum Support Price (MSP) scheme through NAFED. As of November 25, NAFED had purchased 71,505 metric tons of moong, primarily from Rajasthan, Karnataka, and Telangana, against its target of 334,416 metric tons. Additionally, NAFED is retailing moong at subsidized rates to balance supply and demand.
Analysts anticipate that moong prices will likely remain range-bound in the short term, supported by steady arrivals and moderate demand. Downside risk appears limited as prices have already corrected significantly from seasonal highs. A potential recovery may be on the horizon once Kharif arrivals begin to taper off.
Spot Moong Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
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