News

Richard Dalian

Oct 28, 2024

China’s Mung Bean Market Remains Stable Amid Limited Supply and Low Transaction Volume

China’s Mung Bean Market Remains Stable Amid Limited Supply and Low Transaction Volume

Dalian’s Mung Bean Market Faces Low Supply from Myanmar and Reduced Quality Due to Rainfall

In the Chinese market, mung bean supplies from Myanmar remain low, with minimal transaction activity. Most merchants report few trades as downstream buyers focus on using up existing inventory. According to Zhuochuang Information, Myanmar mung bean prices are expected to operate in a weak but stable manner.

Low Supply and Limited High-Quality Beans

The new mung bean harvest in Uzi has been affected by rainfall, reducing the availability of high-quality supplies. This has driven up prices for the remaining high-quality old stock, keeping overall prices stable despite low supply. Chinese traders are setting prices based on quality, with new domestic mung bean supplies entering the market at relatively low levels.

Market Outlook: Weak but Steady Pricing Expected

With limited high-quality mung bean supplies and low transaction volumes, prices are likely to remain stable but weak. Market conditions are expected to continue this trend as merchants await changes in supply levels and quality.

Current Market Price in China for Mung Bean





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Product  Name Chinese Mung Bean
Size3.8mm up
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Con.  Fob DalianUSD 1480-1510/mt - EURO 1366-1394/mt
Org.  Fob DalianUSD 1550-1580/mt - EURO 1431-1458/mt
Delivery20 days after the contract
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