Decrease in Old and New Grain Supplies
Dalian port is experiencing a notable shortage of Myanmar mung beans. Both the old grain stocks and the new grain arrivals are significantly lower than in the same period last year.
Decline in New Grain Cargo
The volume of new grain cargo from Myanmar is below expectations. As temperatures rise, the quality of mung bean stock has improved compared to earlier periods. However, merchants are replenishing their goods based on current inventory levels, resulting in lower purchase volumes than seen in previous years.
Merchants Adjusting Purchase Volumes
Merchants are cautiously managing their stock, replenishing based on inventory conditions rather than purchasing in large quantities. This conservative approach reflects the overall decrease in available mung beans and the uncertainty about future supply levels.
Optimistic Outlook for Summer Sales
Despite the current shortage, traders predict a positive turnaround in summer sales. The expectation is that the demand for mung beans will increase during the warmer months, potentially leading to better sales performance.
Factors Influencing Future Mung Bean Prices
Several factors could impact the future pricing of mung beans at Dalian port:
- Supply Levels: Continued low supply from Myanmar will likely drive prices up.
- Temperature Changes: Warmer weather improving stock quality could stabilize or increase sales, affecting prices.
- Merchant Purchasing Behavior: If merchants increase their purchase volumes in anticipation of higher summer demand, prices could rise.
- Market Demand: A surge in demand during summer could lead to higher prices if supply remains constrained.
Monitoring these factors will be crucial in predicting whether mung bean prices will rise, remain stable, or fall in the coming months.
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 1307-1335/mt |
| Org. Fob Dalian | USD 1490-1520/mt – EURO 1372-1399/mt |
| Delivery | 20 days after the contract |