Chinese Mung Beans: Declining Sales

Mung Beans

DALIAN: The sales volume of the commodity mung bean market has declined, and the rainfall has cooled down in some areas. Some merchants have sufficient some have small inventory. Recently, they have been shipping at low prices.  Affected by the high settlement fee in US dollars, there are few Myanmar mung beans at Yunnan port. Sprout beans are generally sold in general, and there are not many grassroots sources in most production areas. Grain merchants purchase and process according to demand, and judge prices on the basis of quality. At this stage, mung bean is growing well in various places, and it is in the stage of flowering and pod formation.

Organic Mung Beans

DALIAN: The organic commodity mung bean market is generally sold out, and the downstream merchants have different inventory. The large inventory merchants mainly reduce the price and take the inventory, and the small inventory merchants replenish the goods according to the purchase and inventory situation. Recently, the arrival of Myanmar mung beans at the Yunnan port is very small. Most of the merchants have high costs and a limited supply of goods at the grassroots level in the production area, and the supply of high-quality goods is tight. At present, most areas are growing well and are gradually forming pods. Recently, the temperature in some parts of the north has not been high, and the sales of mung beans have been affected. The mung beans in the south are generally sold. The transaction of sprout beans is average, and the grassroots supply is not much, which supports the price.

Current Market Price in China for Mung Bean

Current Market Price in China for Organic Mung Bean