DALIAN: In August, the commodity price of mung beans showed a steady and weak trend. As the temperature dropped, the transaction volume in various places decreased. At the end of August, the price of mung beans produced in China showed a sharp downward trend. The price this week was FOB DALIAN USD 1.420/MT, which merchants digested. Inventory is the mainstay.
The price in September is expected to be USD1.400-1.430/MT. In October, downstream merchants will replenish goods appropriately according to the inventory situation or increase the price of commodity mung beans. It is expected that the commodity price of mung bean will be USD1.450-1.480/MT in October and November.
Medium-grain sprout beans are not selling fast. At present, the growth of new-season mung beans in Inner Mongolia is still acceptable. The growth in the Jilin area is not good, the planting time is late, and the early rains cause mung bean seedlings to be high and fewer pods. If the frost falls early in the later period, it may affect the quality of new grain production. Continue to pay attention to the growth of mung beans in various places, which will affect the price of new grains.
Current Market Price in China for mung bean
|Product Name||mung bean|
|Package||25kg PP bag|
|Fob Dalian||Usd 1420/mt|
|Delivery||20 days after the contract|
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