The situation in China’s main mung bean production area in Chifeng Tianshan, Inner Mongolia, is tough for the sellers because the downstream demand is weak, and only a few old customers are still buying. The price of mung beans from grain merchants is mainly 1700-1750 USD per ton. Some grain merchants offer lower prices to push their business and move some stocks.
Light rain fell last night, but the rainfall between different areas is not uniform. It’s necessary to continue to wait and see the late rainfall, and it is expected that around the middle of June, mung bean planting will start.
Current market price in China for mung beans
|Product Name||Mung beans|
|Package||25kg PP bag|
|Fob Dalian||USD 1700/mt|