Chinese Mung Beans: Harvesting Continues

Mung Beans

DALIAN: According to Zhuochuang Information, new mung beans were harvested sporadically in some parts of the Northeast this week. The quality of mung beans that have been harvested is better than last year, and most of them are more than 80%. Due to the low accumulated temperature this year, the harvest time of mung beans is slightly later than last year. Due to the good quality of new mung beans and the increase in harvest after the middle of the year, grain merchants are not active in purchasing old mung beans. Commodity mung beans are not fast, and the transaction volume is limited in various places. The quotation of Myanmar mung beans at ports continues to decline, and merchants are more cautious in purchasing.

Organic Mung Beans

DALIAN: At present, there is not much surplus grain at the grassroots level in domestic production areas, and the supply of high-quality goods is limited. The output of organic mung beans has generally decreased, and the processing cost of grain merchants has increased. The new mung beans were harvested sporadically this week, and the current supply is very small, and there is no clear price. Grain traders are in an attitude of wait and see. Commodity mung beans are not out of stock quickly, some downstream merchants destock, and some merchants just need to replenish.

Current Market Price in China for Mung Bean