Moong prices remain stable due to sluggish demand

11-Nov-2024 06:37 PM

Weekly Review – Moong Prices


New Delhi:

Moong prices remained stable last week due to weak demand. The sluggish buying activity from dal millers and stockists resulted in fluctuating prices, which failed to maintain upward momentum. Despite some volatility (with a Rs. 100 rise and fall per quintal), prices in Delhi settled between Rs. 7000 and Rs. 7600 per quintal by the end of the week.

Rajasthan:

Prices in Rajasthan held steady amid balanced availability and low demand. Prices across key markets in the state remained unchanged compared to the previous week. The following prices were recorded at the weekend:

Jodhpur: Rs. 6000/7400

Jaipur: Rs. 7000/7600

Sumerpur: Rs. 5500/7500

Nagaur: Rs. 7200/7900

Merta: Rs. 6500/7800

Kishangarh: Rs. 5500/7300

Madhya Pradesh:

Madhya Pradesh saw a slight dip in moong prices, falling by Rs. 100–200 per quintal. This decline was mainly attributed to weak demand. Prices at the end of the week were:

Pipariya: Rs. 6000/8250

Indore: Rs. 7500/8100

Kareli: Rs. 5900/7700

Jabalpur: Rs. 6000/8300

Karnataka:

Weak buying from dal millers led to a reduction in prices by Rs. 100–200 per quintal in Karnataka. The prices by the end of the week were:

Gulbarga: Rs. 4000/8200

Bidar: Rs. 7032/8251

Hubli: Rs. 5263/7410

Yadgir: Rs. 6575/8043

Gadag: Rs. 6167/8069

Maharashtra:

In Maharashtra, weak demand from dal millers also resulted in a drop of Rs. 100–200 per quintal. Prices at the end of the week were as follows:

Solapur: Rs. 7200/8300

Latur: Rs. 6000/8200

Akola: Rs. 6500/9000

Barshi: Rs. 7000/8200

Ahmednagar: Rs. 6500/8000

Dudhani: Rs. 6500/7500

Other Regions:

In Lalitpur, prices declined by Rs. 100 per quintal, with the final price range remaining between Rs. 5800 and Rs. 6500 per quintal.

Moong Dal:

Despite the weak demand across various markets, moong dal prices remained stable. The following prices were recorded at the end of the week:

Delhi: Rs. 9850/12100

Jodhpur: Rs. 9350/9550

Jaipur: Rs. 9600

Bhatapara: Rs. 10500

Jalgaon: Rs. 10200

Indore: Rs. 9400/10500

Summary:

The overall trend for moong prices this week has been one of stability with some regional fluctuations, primarily driven by weak demand from dal millers and stockists. With limited buying interest and an absence of major supply disruptions, prices remained largely unchanged or saw marginal declines across most key regions.