NAFED purchases urad, moong

03-Jan-2025 10:18 AM

NAFED purchases urad, moong
NAFED has purchased 1.51 lakh tons of moong as of January 1 in the current Kharif season, with a target of 3.34 lakh tons. The highest purchase was from Rajasthan (1.23 lakh tons, target 2.4 lakh tons), followed by Karnataka (26,752 tons, target 38,320 tons), and ongoing purchases in Telangana, Maharashtra, and Tamil Nadu. Purchases have ended in Karnataka, Telangana, and Haryana.
Purchases in Rajasthan will continue until January 15, 2025; in Maharashtra until January 7, 2025; in Gujarat until February 9, 2025; and in Uttar Pradesh until January 29, 2025. There has been negligible purchase from Gujarat, Uttar Pradesh, and Haryana, and no purchases in Andhra Pradesh. The government already has a good stock of moong, which is typically bought in large quantities during the summer season. Moong purchased at MSP is sold throughout the season, ensuring its availability and keeping market prices stable at lower levels.
The government's purchase of urad has been minimal, with only 28 tons purchased from Rajasthan, against a target of 1.5 lakh tons. The total urad purchase target is 9.38 lakh tons. Due to prices being higher than MSP, urad purchases have been weak. The government has limited stock of urad, and domestic production is weak, though there is good availability in foreign markets. As long as the government maintains a liberal policy for pulse imports, the likelihood of a price surge remains low, making trading during a price increase risky.