Difficulties in Exports of Chinese Mung Beans

DALIAN: Domestic mung beans’ production cost is low, grain merchants’ processing cost is high, and they are not active in selling goods at low prices. Due to the small number of orders in the production areas, the enthusiasm for purchasing is not high, and mainly processing inventory. Most domestic wholesalers have imported mung bean stocks, and the port has mung bean sources from Ethiopia, Myanmar, Uzbekistan, and other countries. Myanmar’s new mung beans are already on the market, and most of them are expected to arrive in China in March and April. There are few export orders, and some grain vendors in the production areas go to the countryside to purchase standard export sources and supply them to exporters. There are also export companies whose inventories can meet export demand, and the acquisition speed has slowed down.

Current Market Price in China for Mung Bean