Weekly Review- Moong
01-Feb-2025 07:47 PM
Fall in Moong prices due to weak buying
The weekly review of moong prices highlights a notable decline due to weak demand and increased selling pressure across various regions. Here's a breakdown of the key points:
Overall Price Trends:
- Prices for moong have fallen across multiple states, with a significant reduction of Rs. 100 per quintal in Delhi and other major markets. The sluggish demand for pulses, particularly from millers, is contributing to the downward trend.
- In some markets like Rajasthan, Maharashtra, and Karnataka, the fall was between Rs. 100-200 per quintal, reflecting weak buying activity.
Regional Price Movements:
- Delhi: Moong prices have decreased by Rs. 100 per quintal, now ranging between Rs. 7400-8000 per quintal.
- Rajasthan: Prices also fell by Rs. 100-200 per quintal. For example, in Jodhpur, prices remained between Rs. 6500-7600 per quintal.
- Madhya Pradesh: Prices remained stable due to normal demand, with prices staying around Rs. 5500-8300 per quintal in places like Pipariya and Indore.
- Karnataka: A decline of Rs. 100-200 was observed, with prices ranging from Rs. 4500-8500 per quintal.
- Maharashtra: Prices dropped by Rs. 100 per quintal, with the range now between Rs. 5000-8600 per quintal.
- Rajkot: Moong prices dropped by Rs. 100 to Rs. 7000-8000 per quintal.
Moong Dal Prices:
- The prices of moong dal remained stable due to consistent demand. The price stayed in the range of Rs. 10,000-12,200 per quintal, with no significant fluctuation from the previous week.
Overall, weak buying demand from millers and the increasing selling pressure from stockists are continuing to influence the falling prices of moong and moong dal across various regions. If this trend persists, further price drops could be expected in the coming weeks.