No takers for moong offered by NAFED due to higher reserve price

There were no bids received for the 1,658.09 tonne of moong offered for auction by the National Agricultural Cooperative Marketing Federation due to higher reserve price. The reserve price fixed by NAFED was 4,280 rupees per 100 kg at the auction, while bidders expected a price of 3,560 rupees. The auction was held by MSTC Ltd, a regulatory authority for export of ferrous scrap.