Commodity Mung Beans Show Signs of Recovery
In Dalian, the market for mung beans has begun to show signs of improvement. However, despite this positive trend, many merchants report that their sales are still lagging behind the same period last year.
Slow Market and Extended Purchasing Cycles
The market’s recovery is expected to be slow. Businesses are experiencing longer purchasing cycles, reflecting cautious buying behavior amidst the uncertainty. This sluggish pace indicates that while there is potential for price rebounds later in the year, any significant changes are likely to occur gradually.
Export Activities Halted
Adding to the market’s challenges, export activities have come to a standstill. This halt in exports has limited the ability to drive up prices, contributing to the overall stabilization of the market. As a result, significant price movements are unlikely in the near term.
Stable Outlook for June
Given the current conditions, it is expected that mung bean prices will remain stable through June. Traders and merchants are adjusting to the new market dynamics, balancing inventory levels and cautious purchasing strategies.
Comment
The Dalian mung bean market is a clear example of how global trade disruptions and cautious consumer behavior can impact commodity sales. While there is hope for a gradual recovery, the market’s stability hinges on resumed export activities and improved domestic demand.
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 -EURO 1302-1329/mt |
| Org. Fob Dalian | USD 1490-1520/mt – EURO 1366-1394/mt |
| Delivery | 20 days after the contract |
