Myanmar’s New Season Mung Beans See Reduced Availability
As of now, the market is witnessing a limited supply of Myanmar’s new season mung beans, leading to a slight rebound in arrival prices. With temperatures beginning to rise across various regions, the mung bean market is experiencing some improvement. However, sales volumes remain lower compared to the same period last year.
Uzbekistan’s Mung Bean Supplies Decrease
In Uzbekistan, the supply of mung beans is decreasing. Despite the reduction, the current supplies are sufficient to meet domestic market demand. Merchants are primarily purchasing what is needed, and export companies have largely ceased new orders.
Conclusion: Factors Influencing Mung Bean Prices
Several factors could determine whether mung bean prices will rise, remain stable, or fall in the coming months:
- Weather Conditions: Rising temperatures can positively impact the growth and quality of mung beans, potentially increasing supply and stabilizing prices.
- Supply Levels: Limited availability from Myanmar and decreasing supplies from Uzbekistan may lead to higher prices if demand remains constant or increases.
- Market Demand: If domestic demand remains steady or increases, and with reduced export activities, prices are likely to rise due to constrained supply.
- Export Dynamics: The halt in new orders by export companies suggests a focus on meeting domestic demand first, which can influence local price stability or increase.
- Historical Comparisons: Sales volumes being lower than the same period last year could indicate a slower market recovery or reduced consumer purchasing power, potentially stabilizing prices if demand does not surge.
Monitoring these factors will be essential to anticipate future trends in mung bean prices and market conditions.
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 – 1313-1340/mt |
Org. Fob Dalian | USD 1490-1520/mt – 1377-1405/mt |
Delivery | 20 days after the contract |