Chinese Mung Beans: Declining Demands

Mung Beans

DALIAN: This month, the sales of commercial mung beans have gradually declined. The downstream merchants mainly destocked, and the enthusiasm for replenishment is not high. Although the sales volume has decreased, it is still difficult for some merchants to consider selling goods at a profit, and the quotations are still running smoothly. Port commodities have a sufficient supply of mung beans, and importers judge the price on the basis of quality. The supply of mung beans in many places in the Northeast has bottomed out, and some grain merchants have stopped receiving them. At this stage, mung beans are growing well in most areas, and it is expected that mung beans will be harvested in early September in some areas.

Organic Mung Beans

DALIAN: According to Zhuochuang Information, the sales of organic mung beans in most areas are declining. Downstream merchants have enough inventory, replenishment is not active. Inventory is mainly destocked, and prices are stable or slightly weak. There are not many supply of goods at the grassroots level in the production area, and the supply of high-quality goods is limited. It is difficult for grain merchants to supply goods, which supports the price. Jilin Baicheng small mung beans began to be harvested. If there is no continuous rainfall in the production area in September, other areas will also be harvested one after another. The demand for organic mung beans has declined. As the temperature drops, the demand continues to decrease, and the price is mainly weak. The supply of sprouts is not much, which supports the price.

Current Market Price in China for Mung Bean