As domestic weather conditions improve across various regions, traders in the pulse market are facing new challenges, with buyer enthusiasm remaining low. Import orders have seen a slowdown, and the mung bean market is now preparing for potential price drops. Here’s a closer look at the current situation in the mung bean market and what to expect in the coming weeks.

Low Demand Amid Favorable Weather

In many regions, hot weather is finally easing, but this has not led to a surge in trader activity. Despite improved conditions, purchasing enthusiasm remains low, and many importers have reduced their orders. According to Zhuochuang Information, Myanmar's mung bean prices are expected to face a slight decline in the near future, reflecting the cautious market sentiment.

Supply Challenges for Uzi Bud Beans

While supplies of Uzi bud beans are limited, traders holding stocks are reluctant to sell at low prices. However, downstream merchants are showing resistance to these higher price points, only purchasing as needed to replenish their stocks. This supply-demand imbalance is contributing to price volatility across the market.

New Mung Beans Hit the Market

The listing of domestic new mung beans has begun, and early reports suggest that this year’s crop yield is on the lower side. Grain merchants are pricing the new mung beans based on their quality, while old stock continues to move slowly. As the volume of new mung beans entering the market increases, prices are expected to trend downward, with the market adjusting to the fresh supply.

With domestic weather improving and new mung bean listings picking up, the market is entering a period of transition. Traders are cautious, and prices are showing signs of a potential decline. As the market balances old stock with the influx of new beans, it will be important to monitor price trends closely in the coming weeks.

Current Market Price in China for Mung Bean

Click here to reach our trading platfrom CMBroker