Moong prices strengthen due to government purchase- Tuvar prices soften due to good availability
14-Oct-2024 03:45 PM
Mumbai. Nafed, an agency under the Central Agriculture Ministry, has started buying moong from farmers in Karnataka's mandis at the minimum support price (MSP) of Rs 8682 per quintal and till last week,
purchases of up to 9100 were also made. On the other hand, government purchase of this important pulse is expected to start from October 18 in Rajasthan, but the pre-harvest rains there have damaged the crop and the quality of the grain has also been affected.
Producers are selling less moong in the open market (wholesale mandi) and more goods are being unloaded at government purchase centers.
This is likely to strengthen the prices. Heavy arrival of moong has started in Rajasthan, but farmers are also trying to hold the stock so that it can be sold at the minimum support price.
Apart from this, the arrival of new moong goods has also started in other major producing states including Karnataka, Maharashtra and Uttar Pradesh.
The market price is at an average level. If government procurement continues, prices may rise somewhat. The period of softening in moong has started to end.
Demand from traders and stockists is expected to come out in the coming time, which may support the prices. Although this time there has been a good increase in the sowing area of kharif moong, but the crop has also been damaged due to heavy rains and floods.
The price of moong in Indore market of Madhya Pradesh is currently being reported to be Rs 8000/8200 per quintal for good quality goods, Rs 7200/7700 per quintal for normal average quality and Rs 7800/8300 per quintal for bold.
As far as Arhar (Tuvar) is concerned, its price has started softening gradually. The availability of tuvar imported from Africa has started increasing, while its demand is seen to be weak in the domestic sector.
Due to low sales of tuvar dal, millers are buying it in limited quantity, while its import from Africa continues at a relatively cheaper price.
A ship laden with 15 thousand tonnes of tur has already left from Mozambique and it is expected to reach Mumbai port on 17 October.
The new crop of tur has started maturing in Karnataka, due to which stockists have started increasing the sale of their goods.
There has been a good increase in the sowing area of tur and overall its production is expected to increase. The Maharashtra government has estimated the production of tur in the state to increase from 10.08 lakh tonnes last year to 11.90 lakh tonnes this time.