Organic Mung Beans: The Market Is Affected by the Weather

DALIAN: The rainfall in the south is continuing, the market in many places is not fast, and the merchants are destocking. Due to the decline in the quotation of mung beans at the port, the quotations of some wholesalers have also fallen. Some merchants are more cautious in replenishment, and some purchase in appropriate amounts according to the inventory situation. The spot quality of Myanmar mung beans at the port is different, and there is a price difference in the quotation. Some merchants book futures, and it takes time to arrive. Domestic organic mung beans are generally sold, and downstream traders replenish the goods according to demand. The quality of mung beans varies from place to place, and there is a price difference. The rain continued to fall in many parts of the Northeast today, and mung beans were sown one after another after the rain stopped. Pay attention to the weather and shipments in various places in the later period, which may affect the price of Myanmar mung bean. The current market situation makes it challenging to drive the price of organic mung beans to rise in the short term. At the same time, the planting area in the new season continues to decrease significantly, and there are not many old grains, which supports the price, and the price seems to be stable in the short term.

Current Market Price in China for Organic Mung Bean