According to the feedback we received from market players in Dalian, China, the latest situation in the mung bean market is 79.33% sold. The estimated remaining amount of grain is around 30,000 tons. This is less than the amount in the same period last year. Since most exporters have stopped harvesting and the turnover, the domestic market is limited, it seems very difficult to bring down prices.
According to information in Zhuochuang, local mung bean prices are expected to remain stable this week. Currently, there are approximately 40,000 tons of domestic Uz grain residue, and with the recent arrival of Uz mung beans, the price support is decreasing.
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 – EUR 1320-1338/mt |
|
Org. Fob Dalian |
USD 1490-1520/mt – EUR 1375-1402/mt |
|
Delivery |
20 days after the contract |