Moong and Masoor Prices Remain Firm Amid Tight Supply and Controlled Demand
This week, the pulses market witnessed a firm trend in both moong and masoor. Arrivals of moong remained consistently low across mandis, keeping supply tight and supporting prices in the range of ₹6,900 to ₹8,800 per quintal. Key markets showed stability, with prices at ₹7,500�₹8,000 in Indore, ₹7,650 in Jaipur, ₹7,900�₹8,800 in Jalgaon, and around ₹8,200 in Akola. Buying by dal mills continues to be need-based, which has prevented any sharp surge in prices, though it has also kept the market from declining. The government is holding a substantial stock of about 7.8 lakh tonnes of moong, which is capping any major price rise. However, stocks are gradually being consumed, and with the new crop still some time away, supply pressure has not built up. The arrival of the new moong crop from Madhya Pradesh, Punjab, and Gujarat is expected around May. Until then, the market will largely depend on old stocks. In the near term, moong prices are likely to remain firm, although intermittent government intervention may cause some fluctuations. On the masoor front, domestic varieties recorded a mild uptick. Prices in Delhi reached ₹6,950 per quintal on Saturday, while Katni remained steady at ₹6,700. In Madhya Pradesh regions such as Mungawali, Ganj Basoda, Beenaganj, Bhopal, and Ashoknagar, arrivals of the new crop have declined significantly, leading to increased buying by stockists and trade in billty deals rising to around ₹6,980 per quintal. In contrast, imported masoor from Canada and Australia remained stable at around ₹6,200 per quintal. However, due to quality and processing issues, millers are showing limited interest in imported varieties, which is supporting domestic masoor prices. Additionally, a weaker rupee and the continuation of a 10% import duty have made imports more expensive, putting pressure on imported stock. Although the government holds around 4 lakh tonnes of masoor and imports are ongoing, the scope for a sharp price rise remains limited. Still, in the short term, tight supply conditions are expected to support the market. Overall, the moong market is holding firm on the back of tight supply and balanced demand, while masoor is seeing mild strength due to limited availability of domestic stock and weaker demand for imports. The future direction of both commodities will largely depend on the arrival of the new crop and government policies.