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Aug
19

Karnataka Moong Prices Hold strong Despite Rising Market Arrivals

The new moong crop has started reaching markets across Karnataka, with major trading centres in Gadag and Bagalkot witnessing increased arrivals. However, the overall crop size is expected to remain below last year’s level as farmers reduced planting following a delayed and inadequate monsoon.

Gadag, one of North Karnataka’s key moong markets, recorded arrivals of around 12,000 quintals recently. Prices have softened slightly as supplies improve, but buying interest remains limited. Newly harvested moong contains around 18-21% moisture, well above the government-prescribed 12% level, making immediate storage difficult for traders and processors.

Quality is also creating a significant price gap. Machine-harvested moong is currently selling at about ₹7,000-8,500 per quintal because of its dull appearance and greater presence of foreign material. In contrast, carefully hand-picked produce is commanding ₹8,600-10,300 per quintal.

The Centre has fixed the minimum support price (MSP) for moong at ₹8,780 per quintal.

Unfavourable weather is adding to the difficulties, with intermittent rain and cloudy conditions slowing the drying process after harvest. This is creating additional concerns for both farmers and processors.

Bagalkot has also seen fresh arrivals of around 5,000 quintals, with prices ranging between ₹8,500 and ₹9,975 per quintal, supported by comparatively good quality.

Nationally, moong cultivation during the current kharif season stood at 32.05 lakh hectares as of August 14, down nearly 4% from 33.42 lakh hectares a year earlier. Karnataka recorded a 12% decline, while Maharashtra and Madhya Pradesh saw reductions of around 30% each. Gujarat registered the sharpest fall at 45%, whereas Rajasthan’s acreage remained largely unchanged.