Imports Affecting Mung Bean Market

Organic Mung Bean

DALIAN: This week, the organic mung bean transaction volume in the market was not large, and some grain merchants had few orders. The quality of mung beans, an organic commodity in the production area, is not good, and grain merchants set prices based on quality. At present, most grain merchants have completed small orders, and there is still 2-30% of the grain surplus at the grassroots level in the northeastern production area. Recently, farmers are busy with spring plowing, and it is difficult for grain merchants to supply goods. Prices are running smoothly. The import of mung beans is stable. Due to the slow arrival of Myanmar mung beans at the port, some merchants are out of stock. At the same time, the exchange rate fluctuates greatly, and some merchants consider that the price will still rise, and the inventory is not large, so no quotation is currently available.

Current Market Price in China for Organic Mung Bean

Mung Bean

DALIAN: 20%-30% of the surplus grain in the domestic production area, and there are still some stocks in the intermediate links, but the supply of commercial mung beans is not much, and the arrival of Myanmar mung beans is relatively small, and the overall supply of commercial mung beans is tight. In recent days, the temperature and rainfall in some areas have caused the commodity mung bean to go out of stock as well as in the previous period. However, the exchange rate fluctuates greatly, the port arrival volume is limited, the price is relatively strong, and the quotations of most merchants in the sales area also rise. In addition, the port stock is less, and the price of Myanmar mung bean at the port is relatively strong. If the exchange rate continues to rise and the supply does not improve, the price of imported mung beans from Myanmar will be strong.

Current Market Price in China for Mung Bean