Weekly Review – Moong (Green Gram)

Moong prices in the domestic market witnessed a downward trend this week, driven by sustained availability in producing-region markets and weak demand from pulse mills. Limited demand for Moong dal has kept procurement by pulse mills subdued, exerting pressure on Moong prices. Meanwhile, buying activity from stockists at higher price levels also remained limited. The lack of expected support from both pulse mills and stockists prevented any bullish sentiment from emerging in the market. Furthermore, the continued availability of stock in producing-region markets limited any scope for a price recovery. Moving forward, the balance between supply and demand will dictate the direction of prices. If procurement by pulse mills does not improve while supplies in producing-region markets remain steady, downward pressure on prices is likely to persist. Conversely, an improvement in demand could provide support to the market. Due to weak demand from pulse millers, Moong prices in Delhi fell by Rs 400 per quintal this week, settling in the range of Rs 7,800–8,600 per quintal.

In Rajasthan, an increase in arrivals at producing-region markets, coupled with sluggish buying by stockists, led to a decline of Rs 150–300 per quintal in Moong prices this week. Consequently, prices stood at Rs 7,500–8,850 per quintal in Jodhpur, Rs 7,400–8,400 in Jaipur, Rs 7,800–8,600 in Merta, Rs 8,000–9,000 in Nagaur, and Rs 7,600–8,400 per quintal in Kishangarh.

Due to weak buying interest, prices of moong (green gram) in Madhya Pradesh saw a decline of ₹200–300 per quintal during the current week. By the end of the week, prices stood at ₹6,000–8,400 per quintal in Pipariya, ₹8,500–8,600 in Indore, ₹5,000–8,000 in Jabalpur, and ₹5,400–8,700 in Kareli.

Due to subdued demand, moong prices in Maharashtra recorded a drop of ₹200–300 per quintal this week. By the weekend, prices were ₹8,000–10,000 per quintal in Latur, ₹7,500–9,700 in Akola, ₹8,500–10,000 in Barshi, ₹9,000–11,000 in Ahmednagar, ₹7,000–8,200 in Jalgaon, and ₹8,000–9,500 in Khamgaon.

Driven by improved buying interest, moong prices in Lalitpur rose by ₹100 per quintal this week, reaching a range of ₹6,800–7,600 per quintal by the weekend.

Reflecting the decline in raw moong prices and persistent weak buying interest, the price of moong dal fell by ₹100–300 per quintal during the week. By the weekend, prices stood at ₹10,900–13,800 per quintal in Delhi, ₹10,700–11,100 in Jodhpur, ₹10,200 in Jaipur, ₹10,500–11,100 in Bhatapara, ₹11,300 in Jalgaon, and ₹10,600–11,200 in Indore.