News

Richard Dalian

Jul 4, 2024

Mung Bean Market in Dalian Faces Challenges Amid Stable Prices

Mung Bean Market in Dalian Faces Challenges Amid Stable Prices

Decreased Grain Supply

The remaining grain in Dalian's production area is less than during the same period last year, increasing difficulties for grain merchants. Despite this, the market pace is slow, and prices remain essentially stable.

Inventory Status

Grain merchants in some producing areas have limited inventory, while others still have available stock and are focused on digesting it. This mixed inventory situation contributes to the current market dynamics.

Impact of Nationwide Rainfall

Recent nationwide rainfall has affected mung bean sales, adding another layer of challenge for traders. However, the local mung bean crop is reportedly still in good condition.

Planting Area Consistency

This year's mung bean planting area is similar to last year's, indicating stable production levels.

The Dalian mung bean market is navigating through reduced grain supply and the impact of recent rainfall. While prices remain stable for now, the mixed inventory levels and weather-related challenges require close monitoring. Stakeholders should stay informed about these developments to effectively manage their 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 1450-1470/mt - EURO 1343-1362/mt

Org.  Fob Dalian

USD 1500-1530/mt - EURO 1390-1417/mt

Delivery

20 days after the contract

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