New Delhi, March 04 (Commodities Control): Moong prices continue to face downward pressure in major markets, primarily attributed to lackluster demand from millers. Reports suggest that even as the National Agricultural Cooperative Marketing Federation of India (NAFED) persists in its sales, buyers are adopting a cautious, hand-to-mouth approach, anticipating the continuation of government sales until the Rabi crop arrives.
The imminent Rabi arrivals in Odisha, a key moong-producing state, are expected to commence in April, further influencing market sentiments. In Rajasthan, another significant moong cultivating region, Mandi arrivals have been reported to be low, adding to the overall subdued market conditions.
Despite the prevailing low demand and ongoing government sales, moong prices have not seen a substantial rebound. The cautious buying behavior from market participants suggests a wait-and-watch approach, anticipating potential shifts in the market trends with the onset of Rabi arrivals.
Market analysts predict that the government's consistent sales are likely to contribute to maintaining price stability in the short term. The anticipation of continued government intervention has tempered any significant price fluctuations, as buyers and sellers alike navigate the uncertainty surrounding the moong market.
Interestingly, in Rajasthan's major markets, high-quality moong beans are experiencing heightened demand, showcasing a contrasting trend to the overall subdued market conditions. The preference for superior quality moong suggests that discerning buyers are willing to pay a premium for superior produce.
Spot Moong Prices In Key Indian Markets:
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
