Dalian –Market participants report that the sales progress of domestic mung beans has reached 96.5%, a pace that is 7 percentage points faster than the same period last year. This week, the early mung bean harvest began in some production areas, though rainfall has negatively impacted the quality of local crops, leading to discoloration.

Low Activity in Downstream Purchasing

Despite the ongoing harvest, downstream buyers remain cautious, purchasing only as needed while waiting for new grain to arrive. The poor quality of early crops has further dampened purchasing enthusiasm in the market.

Price Outlook and Export Predictions

As the new grain harvest approaches, exporters are predicting prices lower than those seen during the same period last year. Large stocks held by grain traders are being shipped in anticipation of further price drops, adding pressure to the market.

Conclusion: Monitoring the New Harvest

As the mung bean market continues to evolve, stakeholders will need to keep a close eye on weather conditions and quality as the new grain comes to market. The combination of high inventory levels and lower-than-expected prices will be key factors influencing market dynamics in the coming months.