Weekly Review- Moong

23-Nov-2024 07:49 PM

Buying of Moong remained subdued due to lack of demand

Weekly Review of Moong (November 2024)

Market Overview

The overall market for Moong saw subdued buying activity this week, primarily driven by a lack of demand from dal millers and stockists. This slow demand led to downward pressure on Moong prices across various regions. The weaker buying interest resulted in a decline in prices in most major markets, although some areas experienced relatively stable or small fluctuations.

Price Movements by Region

Delhi

• Prices in Delhi Moong markets experienced a decline of Rs. 100 per quintal due to low demand.
• End-of-week prices were recorded at Rs. 7000-7500 per quintal.

Rajasthan

• Rajasthan's Moong prices also fell by Rs. 100-200 per quintal, attributed to low customer activity.
• Prices in key markets:
  • Jodhpur: Rs. 6000-7200
  • Jaipur: Rs. 6900-7500
  • Sumerpur: Rs. 5500-7200
  • Nagaur: Rs. 7100-7800
  • Merta: Rs. 6000-7900
  • Kishangarh: Rs. 5000-7000

Madhya Pradesh

• Prices in Madhya Pradesh remained stable due to sluggish demand, with no significant change observed.
• Prices in key markets:
  • Pipariya: Rs. 6000-8150
  • Indore: Rs. 7500-8100
  • Kareli: Rs. 6100-7200
  • Jabalpur: Rs. 6500-7600

Karnataka

• In Karnataka, weak demand from dal millers led to a price decline of Rs. 100-200 per quintal.
• Prices in key markets:
  • Gulbarga: Rs. 4500-8200
  • Bidar: Rs. 6855-8462
  • Hubli: Rs. 5545-7321
  • Yadgir: Rs. 7411-8199
  • Gadag: Rs. 6722-8180

Maharashtra

• Prices in Maharashtra saw no movement due to the sluggish demand for Moong.
• Prices in key markets:
  • Solapur: Rs. 7200-8400
  • Latur: Rs. 6000-8000
  • Akola: Rs. 6500-9100
  • Barshi: Rs. 7000-8000
  • Ahmednagar: Rs. 6500-8000
  • Dudhani: Rs. 6500-7500

Other Regions

• Lalitpur Moong prices fell by Rs. 100 per quintal, with end-of-week prices at Rs. 5800-6300.

Moong Dal Prices

• Moong dal prices remained stable due to the lack of demand.
• Prices at key locations:
  • Delhi: Rs. 9850-11850
  • Jodhpur: Rs. 9350-9550
  • Jaipur: Rs. 9600
  • Bhatapara: Rs. 10400
  • Jalgaon: Rs. 10200
  • Indore: Rs. 9400-10500

Conclusion

The Moong market this week experienced a decline in prices, driven primarily by low demand from both dal millers and stockists. Prices fell in major producing states like Rajasthan, Karnataka, and Delhi. However, the prices remained stable in Madhya Pradesh and Maharashtra, where demand also remained subdued. The Moong dal market reflected a similar trend with stable prices across key regions.