Rising Temperatures Boost Mung Bean Market
As temperatures rise, the mung bean market in Dalian has started to see some improvement. The supply of mung beans at the port is lower compared to the same period last year. This decrease in supply, coupled with the high cost of early arrivals, has prompted many merchants to support prices.
Regional Differences in Mung Bean Sales
In the northern regions, the increase in temperature has led to a gradual improvement in mung bean sales. However, in the southern regions, persistent rainy weather has hindered significant improvement in the market for mung beans.
Inventory Levels and Market Demand
Currently, most merchants have lower inventory levels compared to the same period in previous years. This lower inventory, combined with market demand, has led merchants to begin replenishing their stocks.
Market Outlook
The outlook for the mung bean market remains cautiously optimistic. Merchants are monitoring inventory levels and market demand closely, adjusting their replenishment strategies accordingly.
The improvement in the mung bean market is a positive sign for traders and farmers alike. However, the regional differences in weather conditions continue to play a significant role in market dynamics. It will be important to keep an eye on both supply levels and weather patterns in the coming weeks.
Current Market Price in China for Mung Bean
The current market price for mung beans in China reflects the ongoing efforts by merchants to support prices amid lower supply and higher costs. Prices may continue to fluctuate based on regional weather conditions and overall market demand.
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 1322-1350/mt |
| Org. Fob Dalian | USD 1490-1520/mt – EURO 1387-1415/mt |
| Delivery | 20 days after the contract |