Dalian – The sales progress of mung beans in China has reached 96.66%, which is 7 percentage points faster than the same period last year. This week marks the beginning of the harvest. However, based on the quality of the grain harvested so far, the overall quality is lower than expected, leading grain merchants to be cautious with their procurement.

Old Grain Supply and Pricing Stability

The quality of the old grain remains good, though supply is limited. As a result, prices for old grain have remained stable. Merchants are focusing on digesting the remaining inventory while waiting for more new grains to enter the market.

Price Outlook for New Mung Beans

According to Zhuochuang Information, as the harvest continues and the volume of listings increases, there is a likelihood that prices for the new grain will decline in the coming weeks.

Current Market Price in China for Mung Bean

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