Chinese Mung Beans: Exporters Are Cautious

Mung Beans

DALIAN: This week, the number of mung beans on the market has increased. This year, the planting area of mung beans has decreased compared with the previous year. After the new grains are launched, farmers expect higher prices, and they are not active in selling goods at low prices. Export companies are more cautious, and most exporters have not yet started purchasing. The commodity mung beans are not sold quickly, and the merchants in various places mainly digest the inventory, the replenishment is not active, and the inventory is mainly removed.

Organic Mung Beans

DALIAN: New mung beans are listed one after another. This year, the planting area of mung beans is smaller than that of the previous year. Farmers psychologically expect higher prices, and they are not active in selling grain at low prices. Current grain merchants purchase according to demand. This year, the quality of organic mung beans is better, and the output is generally higher than last year. The price of mung bean is on the high, and downstream merchants are conflicted. Recently, the purchase price has dropped slightly compared with last week, and the sales of commercial mung beans have declined. The transaction volume in many markets is limited, and merchants mainly destock and just need to replenish.

Current Market Price in China for Mung Bean