Increased Demand Due to High Temperatures
In the northern regions of Dalian, high temperatures have led to a significant increase in demand for mung beans. As a result, prices are expected to rise in the near future. Mung beans, often consumed as a cooling food, see higher demand during heatwaves, contributing to this price surge.
Mixed Weather Conditions Affecting Sales
While the north experiences high temperatures, some areas in the south are still facing rainy conditions. These rains have prevented a significant improvement in mung bean sales in these regions. However, if temperatures rise, an uptick in shipments and sales is anticipated.
Rising Sea Freight Costs
In addition to the weather-related factors, increased sea freight charges are contributing to the rising costs of mung bean arrivals. Port merchants are showing a strong intention to support higher prices due to these elevated shipping costs.
Price Outlook for Myanmar Mung Beans
Given these dynamics, it is expected that prices for Myanmar mung beans will continue to rise. The combination of increased demand in the north, potential sales improvements in the south, and higher shipping costs all point towards a sustained upward trend in mung bean prices.
As the market navigates through these varying conditions, stakeholders in the mung bean supply chain should prepare for potential price increases. Keeping an eye on regional weather patterns and shipping costs will be crucial for managing inventory and pricing strategies in the coming weeks.
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 1440-1470/mt – EURO 1340-1368/mt |
| Org. Fob Dalian | USD 1510-1540/mt – EURO 1405-1433/mt |
| Delivery | 20 days after the contract |