Rajasthan’s Moong Harvest Pushes Prices Down

Rajasthan’s bumper moong crop has caused a noticeable drop in prices this season. But here’s the good news: demand from pulse mills is picking up, which is helping to stabilize the market. While prices aren’t likely to fall further, a sharp rally seems unlikely too, thanks to the ample supply.

Other states like Madhya Pradesh, Uttar Pradesh, Jharkhand, and Bihar are seeing slower movement in their moong supplies. Rajasthan’s massive harvest has taken the spotlight, leaving less room for other regions to make an impact.

Pulse Mills Step In at Lower Prices

With prices hitting lower levels, pulse mills have started buying average-quality moong, which has halted the price slide. Large quantities are arriving from areas like Kishangarh, Shekhawati, Merta, Bikaner, Jodhpur, and Jaisalmer in Rajasthan.

Last year, India’s moong production stood at about 3.8 million tonnes across Rabi and Kharif seasons. This year, production has risen to 4.6 million tonnes. With this surplus, prices that hovered around USD 1,00 per kg last year have now settled at USD 0,87–0,88 per kg. Interestingly, over the past two days, prices have edged up slightly by USD 0,018–0,024 per kg.

Seasonal Patterns and Price Trends

Moong crops are harvested twice a year—Rabi and Kharif—with a 3-to-4-month gap between them. This year, favorable weather conditions in Rajasthan and Maharashtra have resulted in bumper crops in both regions.

In Delhi, prices that were previously at USD 1,01–1,02 per kg have now dropped to USD 0,84–0,88 per kg. For higher-quality moong, prices are hovering around USD 0,90 per kg, but the demand for premium stock remains limited.

Tainted vs. Good Quality Stocks

Some moong stocks from areas like Nagaur and Kishangarh were affected by September rains, which hurt their quality. However, the majority of this year’s crop is clean and of good quality. Tainted moong, after washing, is being sold for USD 0,68–0,78 per kg, while average-quality moong is priced at USD 0,84–0,88 per kg.

Good-quality moong has seen a recent drop of USD 0,12–0,14 per kg, encouraging pulse mills to resume buying. Meanwhile, smaller traders are struggling to sell their stocks at current prices.

Conclusion: An Opportunity for Traders

The Kharif crop has already entered the market, and the next summer moong crop won’t arrive for another five months. This gives traders plenty of time to work with current stocks. Buying now could be a smart move, with chances for modest profits by January or February.





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