Weekly Review- Moong

16-Nov-2024 08:12 PM

Moong prices soften due to sluggish demand

Weekly Review - Moong Prices

Overview: Moong prices have softened across various regions due to sluggish demand, primarily driven by weak buying interest from dal millers and stockists. In several key markets, prices have fallen by Rs. 100-200 per quintal, with limited movement due to the ongoing lack of demand for both moong and moong dal.

Regional Price Movements:

New Delhi:

• Price Trend: Declined by Rs. 100 per quintal.
• Current Price: Rs. 7000-7500 per quintal.
• Reason: Weak demand from dal millers and stockists kept pressure on prices.

Rajasthan:

• Price Trend: Fell by Rs. 100-200 per quintal.
• Current Prices:
  • Jodhpur: Rs. 6000-7300
  • Jaipur: Rs. 7000-7500
  • Sumerpur: Rs. 5500-7500
  • Nagaur: Rs. 7200-7900
  • Merta: Rs. 6000-7900
  • Kishangarh: Rs. 5500-7200
• Reason: Low availability and lack of customer demand resulted in price declines.

Madhya Pradesh:

• Price Trend: Fell by Rs. 100-200 per quintal.
• Current Prices:
  • Pipariya: Rs. 6000-8150
  • Indore: Rs. 7500-8100
  • Kareli: Rs. 6100-7200
  • Jabalpur: Rs. 6500-7600
• Reason: Sluggish demand caused a fall in prices across major markets.

Karnataka:

• Price Trend: Dropped by Rs. 100-200 per quintal.
• Current Prices:
  • Gulbarga: Rs. 4500-8200
  • Bidar: Rs. 6855-8462
  • Hubli: Rs. 5545-7321
  • Yadgir: Rs. 7411-8199
  • Gadag: Rs. 6722-8180
• Reason: Weak buying activity from dal millers caused the price decline.

Maharashtra:

• Price Trend: No significant movement (prices remained stable).
• Current Prices:
  • Solapur: Rs. 7200-8400
  • Latur: Rs. 6000-8000
  • Akola: Rs. 6500-9100
  • Barshi: Rs. 7000-8000
  • Ahmednagar: Rs. 6500-8000
  • Dudhani: Rs. 6500-7500
• Reason: Sluggish demand led to a stagnant price trend.

Other Regions:

• Lalitpur: Moong prices fell by Rs. 100 per quintal, now at Rs. 5800-6500.

Moong Dal Prices:

• Price Trend: Prices remained stable with no significant increase or decrease.
• Current Prices:
  • Delhi: Rs. 9850-11850
  • Jodhpur: Rs. 9350-9550
  • Jaipur: Rs. 9600
  • Bhatapara: Rs. 10400
  • Jalgaon: Rs. 10200
  • Indore: Rs. 9400-10500
• Reason: Weak demand from dal millers resulted in steady prices.

Conclusion:

The weak demand in both domestic and export markets continues to put downward pressure on moong prices, with a notable lack of activity from stockists and dal millers. This has kept prices soft across key producing regions like Rajasthan, Madhya Pradesh, Karnataka, and Maharashtra. Without a pickup in demand, it is likely that prices may continue to face downward pressure in the near term.