Moong Prices Down, Mills in Action

Rajasthan’s bumper moong production has brought prices down significantly this season. Increased supply has pushed prices from last year’s $0,99 per kg to $0,86–0,87 per kg. Pulse mills have started buying at these lower rates, which has stabilized the market, but a sharp long-term rise in prices appears unlikely.

The moong from Rajasthan's key producing regions—Crab, Kishangarh, Shekhawati, Merta, Bikaner, Jodhpur, and Jaisalmer—is abundant. While some tainted goods from September rains have impacted quality, late-sown crops in the region have seen good recovery. These mixed-quality goods are trading between $0,56–0,78 per kg, while average-quality moong fetches $0,86–0,87 per kg.

Increased Production Drives Prices Lower

Last year, India produced around 3.8 million tonnes of moong during the Rabi and Kharif seasons. This year, favorable weather and increased sowing across Rajasthan, Maharashtra, Bihar, Jharkhand, and Uttar Pradesh have boosted production to an estimated 4.6 million tonnes.

Seeing last year’s high prices, farmers in Bihar, Jharkhand, and UP increased sowing in the Rabi season, which resulted in good harvests. Similarly, Maharashtra and Rajasthan reported bumper Kharif crops. The oversupply has caused prices to drop even for premium-quality moong, with select trade goods priced at $0.89 per kg but struggling to attract buyers.

Current Market Activity

Pulse mills have started purchasing at current low prices, stabilizing the market. Traders believe these prices are unlikely to fall further. The tainted goods from regions like Nagaur and Shekhawati have affected the broader market, as they often suppress the price recovery of premium-grade moong.

Interestingly, the washed and peeled moong from these regions is finding buyers between $0,56–0,78 per kg. Despite this, the market for average-grade goods remains steady, with prices holding at $0,86–0,87 per kg.

With the Kharif harvest largely completed and six months until the summer moong crop arrives, the current price levels provide an opportunity for long-term gains. Traders expect prices to improve slightly by January-February as the market absorbs excess supply. Small-scale buyers have started stepping in, and trading at these levels is seen as relatively low-risk.

Conclusion

Rajasthan’s record moong production has stabilized prices, with demand from mills balancing the market. While significant long-term price increases seem unlikely due to high supply, traders anticipate modest profits in the coming months. For now, the market offers opportunities for buyers looking to benefit from lower rates before summer arrivals.





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