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Moong (Mung bean) News - Moong cash market stayed steady to slightly firm during last week
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Moong cash market stayed steady to slightly firm during last week

Moong cash market stayed steady to slightly firm in various markets. Prices traded in the range of Rs 6800 to 7150. New arrivals, ample stocks in Central pool and weak demand helped market to trade range bound.  Summer sowing is running smoothly and is up by 21.2 % to 17.48 lakh ha. so far. The only concern is a rising temperature and spread of caterpillar, pariicularly in Raisen district, where it has affected 5 to 7 % crop so far. Grain size may be smaller. However, improvement in area may minimize the loss to some extent. Ample availability in the Central pool, the arrival from Rabi crop and the smooth sowing in summer season would continue to pressurize the Moong cash market. The short-term outlook seems steady to slightly weak after Rabi arrival, summer crop is expected from this week.