Analysis

Large Domestic Supply Drops Mung Bean Prices in China

Dried Mung Bean
China
Published Jan 10, 2022
The wholesale price of dried mung beans in China fell -18.43% YoY to 1.45 USD/KG in W2 January 2022. The decline in prices was driven by high demand thus increasing its imports to almost 170K mt in the first eight months of 2021, which resulted in a large supply in the country. However, prices that continue to fall may attract importers, thereby increasing China's dried mung bean exports.
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