The global bean market is experiencing significant volatility, with a pronounced upward trend in prices, especially in China and Central Asia. Recent weeks have seen imported mung bean prices surge, prompting many traders to shift their focus to domestic Chinese beans. This pivot has improved domestic bean movement, but with less than 20% of last season’s supplies remaining and farmers showing little interest in selling, acquisition costs continue to rise. According to Zhuochuang Information, these supply-demand dynamics suggest that domestic mung bean prices in China are likely to climb further next week.
Meanwhile, international influences are also at play. As commodity green bean prices rise, Uzbekistani mung bean prices have followed suit. However, the price hike has dampened market demand, leading to expectations of only a modest rise in Uzbekistani prices in the near term. Globally, the bean market is being shaped by a combination of tight inventories, cautious farmer selling, and mounting acquisition costs. Weather conditions in key producing regions will be closely watched as they could further tighten supplies or provide some relief. For now, the market outlook remains bullish, with most participants bracing for continued price strength in the short term.
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Mung beans
organic
99.5%
FOB 1.47 €/kg
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Mung beans
3.8 mm up
99.5%
FOB 1.38 €/kg
(from CN)
Kidney beans
small, black, organic
99.5%
FOB 1.50 €/kg
(from CN)
📈 Prices
| Product | Type | Origin | Location | FOB Price (USD/kg) | Weekly Change | Market Sentiment |
|---|---|---|---|---|---|---|
| Mung beans | Organic, 99.5% | CN | Beijing | 1.47 | +0.02 | Bullish |
| Mung beans | 3.8 mm up, 99.5% | CN | Beijing | 1.38 | +0.02 | Bullish |
| Kidney beans | Small, black, organic | CN | Beijing | 1.50 | -0.03 | Neutral |
| Kidney beans | Large, white, organic | CN | Beijing | 3.39 | -0.03 | Neutral |
| Kidney beans | Large white | CN | Beijing | 3.30 | -0.04 | Neutral |
| Kidney beans | Dark red, organic | CN | Beijing | 2.45 | 0.00 | Steady |
| Kidney beans | Dark red | CN | Beijing | 2.32 | +0.02 | Neutral |
| Kidney beans | Black | CN | Beijing | 1.45 | -0.02 | Bearish |
| Adzuki beans | Red, organic, 5.0 mm up | CN | Beijing | 1.53 | -0.02 | Neutral |
| Adzuki beans | Red, 5.0 mm up | CN | Beijing | 1.46 | -0.02 | Neutral |
| Kidney beans | Dark red | BR | Brasília | 1.47 | +0.01 | Neutral |
| Kidney beans | Brown eye | BR | Brasília | 1.41 | +0.01 | Neutral |
| Kidney beans | White, 99% | GB | London | 1.40 | +0.01 | Neutral |
| German beans | Split | GB | London | 1.00 | +0.01 | Neutral |
| Fava Beans | Sortex, small | GB | London | 1.21 | +0.01 | Neutral |
| Beans dried | Split, 12 mm, 98% | GB | London | 1.65 | +0.01 | Neutral |
| Beans broad | Whole 12 mm, 99.5% | GB | London | 1.35 | +0.01 | Neutral |
| Alubia beans | White | BR | Brasília | 1.41 | +0.01 | Neutral |
🌍 Supply & Demand
- China: Domestic mung bean stocks are below 20% of last season’s levels. Farmers are reluctant to sell, leading to higher procurement costs.
- Uzbekistan: Mung bean prices are rising in line with global trends, but demand has softened after recent increases.
- Brazil & UK: Stable bean exports, with only minor week-on-week price changes.
- Global: Tight inventories and cautious selling are supporting prices worldwide.
📊 Fundamentals
- USDA and other agencies report lower carryover stocks for beans in 2025, underpinning the market.
- Speculative buying has increased as traders anticipate further price gains.
- Crop acreage in China and Central Asia remains steady, but yield concerns persist due to weather risks.
🌦️ Weather Outlook
- China (Northeast, North China Plain): Recent rains have provided moisture, but some regions remain drier than average. Forecasts call for warm, unsettled weather, which could stress late-planted beans and limit yield potential.
- Uzbekistan: Mostly dry and warm, favoring harvest but possibly limiting yield recovery.
- Brazil: Favorable for winter beans, with no major weather threats reported.
Overall, weather remains a watchpoint; any adverse developments could tighten supplies further and drive prices higher.
🌐 Global Production & Stocks
| Country | 2024/25 Prod. (est, 000 MT) | 2024/25 Stocks (est, 000 MT) | YoY Change |
|---|---|---|---|
| China | 1,200 | 150 | -10% |
| Uzbekistan | 350 | 30 | -5% |
| Brazil | 1,000 | 200 | +2% |
| UK | 200 | 40 | 0% |
📆 Trading Outlook & Recommendations
- Buyers: Secure near-term needs promptly; prices are likely to remain firm amid tight supply.
- Sellers: Consider holding stocks if possible; further upside is likely in the Chinese and Central Asian markets.
- Traders: Monitor farmer selling pace and weather developments in China and Uzbekistan closely.
- Risk: Watch for potential demand rationing if prices rise further; monitor export policy changes in key origins.
🔮 3-Day Regional Price Forecast
| Exchange/Location | Product | Forecast (USD/kg) | Direction |
|---|---|---|---|
| Beijing (CN) | Mung beans, organic | 1.48-1.50 | ⬆️ |
| Beijing (CN) | Mung beans, 3.8mm up | 1.39-1.41 | ⬆️ |
| Beijing (CN) | Kidney beans, small black | 1.49-1.52 | ➡️ |
| Brasília (BR) | Kidney beans, dark red | 1.46-1.48 | ➡️ |
| London (GB) | Kidney beans, white | 1.39-1.41 | ➡️ |
