In Dalian, the ongoing Myanmar water festival has implications for the external shipments of green beans, particularly mung beans. Recent observations at the port reveal a decrease in the supply of Myanmar mung beans compared to the same period last year, prompting market fluctuations and strategic adjustments among traders.
Impact of Myanmar Water Festival
The festivities surrounding the Myanmar water festival have contributed to disruptions in green bean shipments, with a noticeable impact on the arrival of Myanmar mung beans at the port. Despite recent arrivals, the current supply of Myanmar mung beans falls short of levels recorded during the corresponding period last year. This discrepancy underscores the influence of external factors on market dynamics in Dalian.
Market Response and Outlook
While market conditions have shown signs of improvement, the reduced supply of Myanmar mung beans has sparked cautious optimism among traders. Some merchants have initiated stockpiling activities in anticipation of heightened demand during the upcoming peak season. Although new mung bean shipments have contributed to an increase in inventory compared to the previous period, the overall supply remains constrained by the shortfall in Myanmar mung beans.
As Dalian navigates the impacts of the Myanmar water festival on green bean shipments, market participants remain attuned to evolving supply dynamics and consumer demand. The current scenario underscores the importance of adaptability and foresight in managing market fluctuations and seizing opportunities in the green bean trade. With ongoing adjustments and strategic planning, stakeholders aim to maintain resilience and stability in the face of external influences on the agricultural market in Dalian.
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 1328-1356/mt |
| Org. Fob Dalian | USD 1490-1520/mt – EURO 1394-1422/mt |
| Delivery | 20 days after the contract |