Weekly Review: Moong

Moong prices in the domestic market continue to trend upwards. This week, the market has been supported by low selling pressure from farmers, limited arrivals of the new crop in producing markets, and robust demand from pulse mills and stockists. Moong availability remains constrained as the pressure of market arrivals has not reached expected levels. Concerns exist regarding the impact of deficient monsoon rainfall on Moong productivity per hectare in several growing regions, potentially affecting total production for the current Kharif season. However, a clear assessment of actual production will only be possible once data on crop conditions and new arrivals becomes available. Meanwhile, sustained buying by pulse mills and active participation by stockists are bolstering market demand. The combination of limited supply and strong demand is driving the price rise. Going forward, the movement of the Moong market will primarily depend on new crop arrivals, farmer selling patterns, and pulse mill procurement. Prices could find support if arrivals remain low and demand stays strong; however, market volatility is possible if supplies from government stocks increase or the pace of new crop arrivals accelerates. Driven by strong demand from pulse millers, Moong prices in Delhi recorded a significant surge of ₹300 per quintal this week, climbing to the range of ₹7,800–₹8,800 per quintal.

Due to the absence of selling pressure in producing markets and increased activity by stockists, Moong prices in Rajasthan rose by ₹300–₹500 per quintal during the week. Consequently, weekend prices stood at ₹7,600–₹8,750 in Jodhpur, ₹7,400–₹8,300 in Jaipur, ₹8,000–₹9,200 in Merta, ₹8,000–₹9,000 in Nagaur, and ₹7,700–₹8,700 in Kishangarh per quintal.

Driven by increased buying interest, Moong prices in Madhya Pradesh saw a rise of ₹200–₹300 per quintal during the week. By the weekend, prices were ₹6,000–₹8,200 in Pipariya, ₹8,500–₹8,700 in Indore, ₹5,000–₹8,200 in Jabalpur, and ₹3,000–₹8,400 in Kareli per quintal.

Sustained strong demand led to an increase of ₹200–₹300 per quintal in Maharashtra Moong prices during the week. Weekend prices settled at ₹8,000–₹10,300 in Latur, ₹7,400–₹9,550 in Akola, ₹8,500–₹10,000 in Barshi, ₹9,000–₹11,000 in Ahmednagar, ₹7,000–₹8,000 in Jalgaon, and ₹8,000–₹9,400 in Khamgaon per quintal.

Improved buying interest resulted in a ₹100 per quintal rise in Moong prices in Lalitpur this week, bringing the weekend price to ₹6,800–₹7,300 per quintal.

Driven by a rally in Moong prices and sustained buying interest, Moong dal prices rose by ₹300–₹600 per quintal during the week. By the weekend, prices stood at ₹10,900–₹13,800 per quintal in Delhi, ₹10,300–₹10,800 in Jodhpur, ₹10,100 in Jaipur, ₹10,300–₹11,000 in Bhatapara, ₹11,000 in Jalgaon, and ₹9,600–₹10,700 in Indore.