In a small number of markets today, the quotation of Myanmar mung beans has been suspended. Since July 1st, Myanmar may use US dollars for settlement. At the same time, the news such as tariffs on mung beans imported into China has not yet been confirmed. Most merchants are in a wait and see situation, and some merchants have slightly stronger quotations. Recently, some merchants in the port have suspended quotations, and some merchants’ quotations have risen slightly. Downstream merchants are generally less motivated to purchase, and grain merchants process according to their needs and judge prices based on quality.
At present, the new policy in Myanmar has not yet been determined. If the new policy is confirmed on July 1, the price of mung bean in Myanmar may rise. In the short term, the price will be stable, and we will wait and see the weather in the producing area and the growth of new mung beans.
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 |
| Fob Dalian | Usd 1670-1710/mt |
| Delivery | 20 days after the contract |