What are the factors that affect the price change of organic mung beans? [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please <a href=https://commodity-board.com/wordpress/login/>login</a> or <a href=https://commodity-board.com/wordpress/membership-join/>sign up now</a>.’]The first, mung bean is in great demand in China and the demand is second only to soybean. Second, the domestic supply of mung beans can not meet the demand and needs many imports. Myanmar was the largest importer of mung beans at 58,115.244 tons. They were accounting for 28.3% of total imports. Myanmar has become one of the essential importers of mung beans in China. Third, the quality of imported mung beans is not as good as that of organic mung beans produced in China. This leads to the rise in the price of organic mung beans in China, from USD 1570/mt to USD 1700/mt. Although the current price is stable at USD 1700/mt, the market experience shows that the price of mung beans will rise by about 22% in summer every year, because mung beans have the effect of reducing summer heat. Traditionally, mung bean soup is drunk in China for relief when it is hot. Currently, organic mung beans are mainly exported to the Netherlands, Japan, South Korea, and Southeast Asia.

Current Market Price in China for organic mung bean

Product Name Organic mung bean
Size 3.8mm up
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1700/mt