|DALIAN: The total area of mung beans this year has decreased by 56% year on year. Small mung beans have been on the market one after another. The harvest time of large mung beans has been postponed due to rainfall. Recently, some areas have been harvested, most of which have not yet been threshed. In this rainfall, mung beans have high water content and blisters in some areas, but the impact is not significant at present. If the rain continues, the result will expand. Only a small amount of large mung beans are currently on the market, and grain merchants are challenging to increase the quantity. There is no clear offer for the time being. Downstream merchants are waiting and watching.
During National Day, the northeast region will continue to rain. If the harvest is not completed before the rain, the quality of mung beans will continue to be affected. At present, a small number of grain merchants intend to purchase gross grains at US$1.86/kg, but the supply is limited, and the average daily supply of grain merchants is limited. Most grain merchants believe that the area is small this year, and the price of new grain will rise.
Current Market Price in China for mung bean
|Product Name||mung bean|
|Package||25kg PP bag|
|Fob Dalian||Usd 1780/mt|
|Delivery||20 days after the contract|
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