Moong: not likely to fall more - 16 May, 2016

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At present, dal mills are buying moong of the old stock seeing the new crop. So it is not expected to decline more. According to trade sources, the new crop is likely to be lower in UP and Bihar. This time moong dhoya is being sold at Rs 6300 / 6400 while the best remained at Rs 6700. Although in the short period, it is not expected to rise but not likely to fall more seeing the lower producing estimates.

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