DALIAN: According to Zhuochuang Information, the price of Burmese mung bean futures has been raised, and the futures for April and May are now booked at US$ 1.125/ton.
There are three main reasons for the price increase:
1. Exchange rate fluctuations,
2. The domestic temperature has increased, and some wholesale markets have improved,
3. The prices of other miscellaneous bean varieties in Myanmar have risen, which has driven the price of green beans in Myanmar to follow.
This week, new oil mung beans from Myanmar have arrived in Qingdao and Tianjin, and the spot delivery price of oil mung beans in the large production area of Qingdao Port is 1.175 US dollars/ton, including 30% large grains. The delivery price of oily mung beans in Tianjin’s small production area is 1.160 US dollars/ton, excluding large grains.
The temperature has risen in many places this week, and the sales of mung beans in some markets have improved compared with the previous period, which is suitable for the commodity mung beans. If the market sales continue to improve and businesses start replenishing stocks one after another, it will still benefit the price of mung beans. Pay attention to the market situation.
Current Market Price in China for Mung Bean
| Product Name | Chinese mung bean |
| Size | 3.8mm up |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1700-1730/mt |
| Delivery | 20 days after the contract |