Dalian: Myanmar’s Mung Bean Supplies Shrink, but Uzbek Harvest Supports Stable Prices

The mung bean market is seeing shifting dynamics as Myanmar’s supply tightens, putting downward pressure on prices. Meanwhile, the new mung bean harvest in Uzbekistan, despite being impacted by recent rainfall, is helping to stabilize prices due to strong demand from Chinese traders. Domestically, China's new mung bean harvest is nearly complete, with traders adjusting prices based on the quality of this year’s yield.

Myanmar’s Mung Bean Supplies Decrease

In the domestic market, the supply of Myanmar mung beans has dropped significantly, prompting market analysts, including Zhuochuang Information, to predict a decline in prices. This reduction in available mung beans from Myanmar is expected to weigh on the market, as fewer imports push prices lower amid reduced supply.

Uzbekistan Harvest Supports the Market

On the other hand, Uzbekistan’s new mung bean harvest has provided some stability to the market. Despite quality concerns due to recent rainfall, the increased interest from Chinese traders in Uzbekistan's mung beans has kept prices relatively high. This strong demand is expected to support the market and help balance out the downward pressure from Myanmar's reduced supply.

China’s Domestic Mung Bean Harvest Nears Completion

Domestically, the mung bean harvest in China is nearly complete. However, this year’s crop has yielded lower-than-expected output, which has affected pricing. Grain traders are now pricing the new mung beans based on their quality, further influencing the market dynamics as the season comes to a close.

Outlook: Balancing Global and Domestic Supply

With Myanmar’s shrinking supply and mixed quality in Uzbekistan’s harvest, the mung bean market is poised for volatility in the short term. Domestic traders will be closely monitoring these developments, adjusting prices according to both local and international supply conditions. As China continues to rely on both imports and its own production, maintaining a stable balance will be key for the upcoming months.

Current Market Price in China for Mung Bean





Click here to reach our trading platfrom CMBroker