Weekly Review- Moong

24-Dec-2024 07:11 PM

Moong prices continue to fluctuate due to limited demand

Moong prices have been fluctuating due to a combination of factors, notably sluggish demand from dal millers and limited customer interest in the markets. This has led to a decline in prices across various regions.

New Delhi:

• In New Delhi, prices dropped by Rs. 100 per quintal, with prices ranging from Rs. 7000 to Rs. 7500 per quintal by the end of the week. The decline was attributed to limited demand from dal millers, with NAFED’s tenders also passing at lower prices, resulting in reduced buying activity.

Rajasthan:

• Rajasthan witnessed a fall of Rs. 100 to Rs. 200 per quintal in moong prices, attributed to the low availability and weak customer demand. At the end of the week, the prices were as follows:
  • Jodhpur: Rs. 6100 to Rs. 7250
  • Jaipur: Rs. 6800 to Rs. 7500
  • Sumerpur: Rs. 5500 to Rs. 7300
  • Nagaur: Rs. 7200 to Rs. 7900
  • Merta: Rs. 6800 to Rs. 7900
  • Kishangarh: Rs. 5700 to Rs. 7000

Madhya Pradesh:

• Prices in Madhya Pradesh remained stable, with no significant rise or fall. By the end of the week, the prices were:
  • Pipariya: Rs. 5500 to Rs. 7500
  • Indore: Rs. 7500 to Rs. 8000
  • Kareli: Rs. 5000 to Rs. 5700
  • Jabalpur: Rs. 6500 to Rs. 7600

Karnataka:

• In Karnataka, weak buying from dal millers caused a Rs. 100 drop in prices. The prices were as follows by the end of the week:
  • Gulbarga: Rs. 4500 to Rs. 8000
  • Bidar: Rs. 7112 to Rs. 7897
  • Hubli: Rs. 5800 to Rs. 7100
  • Yadgir: Rs. 5607 to Rs. 7389
  • Gadag: Rs. 6674 to Rs. 8209

Maharashtra:

• No significant movement in moong prices was seen in Maharashtra, which remained stable throughout the week. The prices were:
  • Solapur: Rs. 7200 to Rs. 8400
  • Latur: Rs. 6000 to Rs. 8000
  • Akola: Rs. 6550 to Rs. 8750
  • Barshi: Rs. 6500 to Rs. 7500
  • Ahmednagar: Rs. 6500 to Rs. 7800
  • Khamgaon: Rs. 5500 to Rs. 7000

Other Areas:

• In Lalitpur, the price of moong declined by Rs. 100 per quintal due to weak demand, with the price settling at Rs. 5500 to Rs. 6600 per quintal.

Moong Dal:

• Moong dal prices also saw a decline of Rs. 100 to Rs. 200 per quintal this week. At the end of the week, the prices were:
  • Delhi: Rs. 9550 to Rs. 11750
  • Jodhpur: Rs. 9250 to Rs. 9400
  • Jaipur: Rs. 9300
  • Bhatapara: Rs. 9700 to Rs. 10200
  • Jalgaon: Rs. 10000
  • Indore: Rs. 8900 to Rs. 9700

Conclusion:

Overall, the moong market is experiencing downward pressure due to weak demand and sluggish buying activity from dal millers across major producing regions. Prices have been falling, and a lack of customer interest continues to impact both raw moong and moong dal prices.