Weekly Review- Moong

06-Jan-2025 07:44 PM

Moong prices rise due to strong demand

Overview:

The prices of moong continued to rise last week due to limited arrivals in producing markets and increased demand. The surge in prices was further supported by active purchasing from stockists and dal millers.

Key Developments:

Delhi Market:

• Moong prices increased by Rs. 150 per quintal, reaching Rs. 7200-7850 per quintal by the end of the week.

Rajasthan:

• A rise in buying activity and a decrease in selling by stockists led to price increases in various markets:
  • Jodhpur: Rs. 6400-7600
  • Jaipur: Rs. 7300-8100
  • Sumerpur: Rs. 6000-7800
  • Nagaur: Rs. 7300-8200
  • Merta: Rs. 7000-7900
  • Kishangarh: Rs. 5900-7600

Madhya Pradesh:

• Prices saw a moderate increase of Rs. 100-200 per quintal, despite sluggish demand:
  • Pipariya: Rs. 5500-7500
  • Indore: Rs. 7500-8200
  • Kareli: Rs. 5600-7878
  • Jabalpur: Rs. 5000-7000

Karnataka:

• No significant price change due to limited demand:
  • Gulbarga: Rs. 4500-8000
  • Bidar: Rs. 7112-7897
  • Hubli: Rs. 5800-7100
  • Yadgir: Rs. 5607-7389
  • Gadag: Rs. 6674-8209

Maharashtra:

• Increased demand pushed prices up by Rs. 100-200 per quintal:
  • Solapur: Rs. 7200-8400
  • Latur: Rs. 6000-8200
  • Akola: Rs. 6550-8850
  • Barshi: Rs. 6000-7700
  • Ahmednagar: Rs. 6500-8000
  • Khamgaon: Rs. 5500-7000

Rajkot:

• No movement in prices due to sluggish demand, staying steady at Rs. 7000-8000 per quintal.

Moong Dal:

• Prices of moong dal saw a rise of Rs. 100-300 per quintal, supported by the increase in moong prices and higher demand:
  • Delhi: Rs. 9750-11850
  • Jodhpur: Rs. 9500-9800
  • Jaipur: Rs. 9800
  • Bhatapara: Rs. 9700-10200
  • Jalgaon: Rs. 10000
  • Indore: Rs. 9200-10200

Conclusion: Moong prices remained on an upward trajectory, with variations depending on regional demand and stock availability. The demand from dal millers and stockists has been a key driver in this price increase across major producing states.