In Dalian, the mung bean market is characterized by recent improvements in Myanmar’s mung bean supply, albeit at volumes still below those of the same period last year. With some merchants resorting to tapping into old grain stocks, the market faces challenges in effecting price adjustments in the short term. However, prospects indicate a trend towards price stability in the near future. Amidst this backdrop, merchants refraining from aggressive selling at lower prices play a pivotal role in supporting price levels. Moreover, the domestic surplus of mung beans remains constrained, prompting cautious procurement strategies among grain merchants.
Market Dynamics
Despite the uptick in Myanmar’s mung bean supply, the market continues to grapple with volumes falling short of previous year levels. This shortfall prompts some merchants to delve into existing grain reserves, hindering rapid price adjustments. As a result, price stabilization emerges as a foreseeable outcome in the immediate future. Furthermore, merchants exercising restraint in offloading mung beans at reduced prices contribute significantly to upholding price integrity within the market. However, the limited surplus of domestic mung beans underscores the need for prudent procurement practices among grain merchants, further accentuating market caution.
As Dalian’s mung bean market navigates the intricacies of supply dynamics and price equilibrium, stakeholders remain attuned to the nuances shaping market sentiment. While recent improvements in Myanmar’s mung bean supply offer a glimmer of hope, challenges persist in balancing supply and demand dynamics. With price stability anticipated in the near term, the market’s resilience hinges on strategic decision-making by merchants and the prudent management of domestic mung bean surplus.
Current Market Price in China for mung bean
Product Name |
Chinese Mung Bean |
| Size | 3.8mm up |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Con. Fob Dalian | USD 1420-1450/mt – EURO 1324-1352/mt |
| Org. Fob Dalian | USD 1490-1520/mt – EURO 1390-1418/mt |
| Delivery | 20 days after the contract |