New crop moong enters market, prices 25% below MSP on high moisture.

Arrivals of moong from the current kharif season have started in some parts of Maharashtra. Even at the higher end of the price range, the commodity is being sold at a whopping 25% discount to the minimum support price of 6,975 rupees per 100 kg for 2018-19. In Latur, a key market for pulses in Maharashtra, daily arrivals were at 2,000-2,500 bags (1 bag = 100 kg) in the last week, and it was sold at 4,200-5,200 rupees per 100 kg. Moisture levels in the new crop moong being sold were at 14-23%, compared with 16-18% a year ago. For procurement at minimum support price, the moisture content is fixed at 12%.