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New Moong Starts Hitting Mandis Of MP

Published on: May 18, 03:54

New Moong started hitting in MP and from UP it is expected by  mid June.However, crop area is almost 45/50 percent lower.Pressure on price is due to old stock selling. Stockiests are sellers of old stock. It hampers firmness in Moong market. Demand for dal dhoya and chhilka has started improving and supply from Rajasthan has decreased. So any major dip from current level is unlikely. Moong may trade range bound to slightly firm in the near term.