Lower Supply Compared to Previous Years

This week, the supply of Myanmar mung beans at Dalian Port is significantly lower than in previous years. Despite some improvement in market conditions compared to the previous period, the current momentum is insufficient to significantly boost prices.

Price Stability Expected

According to Zhuochuang Information, the overall price of mung beans is expected to remain stable next week, with local prices potentially seeing a slight increase. The market activity is not brisk, and the procurement cycle for businesses remains long.

Export Challenges

Export companies have essentially stopped receiving mung beans, which limits their ability to influence prices. The lack of export demand further contributes to the stability of local prices.

The current situation at Dalian Port highlights the challenges faced by the mung bean market. With limited supply from Myanmar and minimal export demand, maintaining price stability is crucial. Stakeholders need to closely monitor market dynamics and adjust their strategies accordingly to navigate these conditions effectively.