The Chinese mung bean market shows signs of potential stability as domestic demand begins to pick up. With lower inventory levels at ports and increased buying from downstream merchants, expectations are leaning towards a potential price increase for Myanmar mung beans, which are widely imported to meet China’s domestic demand. Meanwhile, the market is observing cautious purchasing for newly harvested Uzi bud beans due to high moisture content. However, low prices from farmers are likely to support pricing, with expectations that older grain stock prices may remain stable.
Market Trends and Outlook for Chinese and Imported Mung Beans
China’s domestic mung bean supply is beginning to flow into the market, albeit at a slightly lower rate. Grain merchants are setting prices based on quality, with Zhuochuang Information reporting a trend towards price stabilization. Importantly, the Myanmar mung bean movement continues to improve, likely signaling increased buying and further supporting market prices. As farmers adjust supply and pricing, the market may witness continued stability or even minor increases in the coming weeks.
Current Pricing for Chinese Mung Beans
For November, the current market price for Chinese mung beans reflects slight fluctuations but is largely stable across various quality parameters. Here’s a breakdown of the pricing details:
- Product Name: Chinese mung bean
- Size: 3.8 mm and up
- Moisture: Maximum 16%
- Packaging: 25 kg PP bag
- Purity: 99.5%
- Loading: 22 metric tons per 20-foot container
- FOB Dalian Price:
- Conventional: USD 1,480–1,510 per metric ton
- Organic: USD 1,550–1,580 per metric ton
- Delivery: Approximately 20 days after contract signing
Conclusion: Positive Signs with a Cautious Approach
As the market anticipates continued demand from domestic buyers and reduced port inventories, there is potential for minor price increases, particularly for Myanmar mung beans. However, cautious procurement practices, especially around moisture levels in Uzi bud beans, may limit price spikes. Traders should keep an eye on inventory levels and quality variations as these will likely influence market stability through the remainder of the month.
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