Organic Mung Beans: Affected by Imports, Prices Are Stable

DALIAN: Affected by exchange rate fluctuations recently and the slow customs clearance of Qingdao Port, the price of Myanmar oil mung bean has risen. In some domestic markets, mung beans were sold smoothly. A small amount of domestic organic mung beans were traded, and downstream merchants purchased them.

Now the quality is different, and there is a price difference in the quotation. Influenced by the exchange rate, the prices of some imported mung beans also rose. Domestic organic mung beans are slow to go out, downstream merchants just need to replenish. Farmers are plowing in spring one after another, and it is difficult for grain merchants to stock up. In May, with the increase in temperature in various places, the demand for organic mung beans increased, which was still beneficial to the price of organic mung beans. We should pay attention to the exchange rate and the situation of Yunnan ports. It is difficult for farmers to supply grains, which will support prices to stabilize in the short term.

Current Market Price in China for Organic Mung Bean