DALIAN: The price advantage of imported mung beans is obvious. The domestic market has a sufficient supply of imported mung beans, which has impacted the domestic organic mung bean market. At the same time, the export volume has decreased, and exporters have stopped harvesting one after another. The supply of goods at the grassroots level in the production area is sufficient, and the market purchase and sales are limited. However, some farmers in the production area are not motivated to sell grain at low prices. They temporarily support the price in the medium and long term.
Pay attention to the weather in Northeast China before spring sowing. If there is effective rainfall, the area of mung beans may continue to decrease year on year. At that time, some farmers will still be reluctant to sell, or it may provide some support for the price. If the rain is late, the area of mung beans may increase, and some farmers will start shipment. The price of organic mung beans may drop to a certain extent.
Current Market Price in China for Organic Mung Bean
| Product Name | Organic mung bean |
| Size | 3.8mm up |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1730-1760/mt |
| Delivery | 20 days after contract |