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Moong (Mung bean) News - Moong sentiments likely to pressurize in coming days
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Moong sentiments likely to pressurize in coming days

New Moong crop arrivals are ready to hit in the mandis which may pressurize the sentiments in comings days. Bumper crop is expected in  MP, specially in Hoshangabad, Timarni, Harda & its adjoining areas.  Arrivals are likely to intensify by end of the month. Moong prices are expected to trade in the range of INR 6,000-6,500 per quintal in coming week. Farmers have covered 16.25 lakh ha under summer Moong as on 06th May, 2022, up by 14% from 14.23 lakh ha same time last year. MP is a major growing state, where it has improved smartly by 74.61 % to 8.33 lakh ha. Recovery in area may minimize the impact of the rising temperature and the fear of small grain size.