Profitable Opportunities in Moong Market

India’s moong (green gram) market continues to present profitable opportunities despite significant price fluctuations caused by high production in Rajasthan. With pulse mills actively purchasing at lower prices, the market is now showing signs of recovery. Rajasthan’s abundant crop caused prices to drop last month, but limited availability from states like Uttar Pradesh, Bihar, and Jharkhand has balanced the market. Stocks in these states are nearly depleted, stabilizing prices and creating strong buying interest.

Pulse mills producing washed and peeled green gram are purchasing average-quality moong at lower rates. This activity has led to a price increase, bringing prices to USD 0,86-0,93 per kg for average-quality moong and USD 0,96-1,00 per kg for premium-quality stocks in Rajasthan. Mills’ consistent buying indicates a positive market outlook for traders.

Rajasthan’s Role in Moong Supply

Rajasthan’s key moong-producing regions—Kishangarh, Shekhawati, Merta, Bikaner, Jodhpur, and Jaisalmer—have been major contributors to the market this season. Last year, India’s total moong production (Rabi and Kharif seasons combined) was around 3,8 million metric tonnes, but this year’s production is estimated at 4,6 million metric tonnes. Additionally, leftover stocks have dwindled from 1,2 million metric tonnes last year to just 400,000 metric tonnes this season. Higher production drove prices down from last year’s peak of USD 1,02 per kg to USD 0,87-0,89 per kg, although recent mill purchases have pushed prices back to USD 1,00 per kg.

Seasonal Patterns and Price Movement

Moong crops arrive in Rabi and Kharif seasons with a 3-4 month interval. High prices last year encouraged increased sowing in Bihar, Jharkhand, and Uttar Pradesh during the Rabi season, resulting in robust yields. Similarly, favorable weather boosted Kharif production in Maharashtra and Rajasthan, leading to bumper harvests. Stockists and pulse millers, who had slowed purchases during the October-December period due to high prices, have now resumed consistent buying, supporting price recovery.

Why Moong Remains a Low-Risk Investment

Traders can benefit from buying moong at current price levels. Ongoing mill demand, coupled with the long interval until the summer moong harvest in March-April, provides ample time for trading at higher prices. Limited stock availability and consistent consumption trends suggest prices will strengthen further. For those looking to invest, February offers a promising window to maximize profits.

Conclusion

India’s moong market is poised for profitable trading opportunities as prices stabilize and demand grows. With favorable conditions and limited stock availability, traders can confidently invest in moong at current prices. Waiting until February could yield even higher returns, making this an ideal time to explore opportunities in the green gram market.





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