Chinese Mung Beans: Mung Bean Market Downturn Continues

DALIAN: There is no improvement in the delivery of mung beans. It is rainy in the south, the transaction volume is limited in various places, and merchants have inventory. The recent replenishment intention is not high, and the price is stable or slightly weak. Maozao beans are listed one after another. Due to the high price and the stock of oily mung beans, merchants are more cautious in purchasing. This year, the planting area is expected to decrease. Recently, the quotations in some areas have been slightly stronger, but the high prices are difficult to be sold. Affected by the rainfall, Myanmar mung beans have not been sold very fast recently. The merchants have stocks, which are mainly digested. At the same time, the arrival of Myanmar mung beans has increased. If there is no improvement in the market, the price will hardly rise. As the temperature rises, sprout beans enter the off-season of demand, and the market transaction volume is not significant. The area of new grains decreases, and farmers do not sell them at low prices. Pay attention to the rainfall in the production area and the actual planting area of mung beans.

Current Market Price in China for Mung Bean

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