Fluctuating Exchange Rate And Rising Prices

Until yesterday, the central price between Renminbi and US Dollar in 2017 has appreciated by 5.6%. That made a great impact on our quotation.

Over the past year, the RMB has been continuously rising. Although it nearly break through 7.00, since June , the Renminbi has begun to appreciate with the adjustment of domestic policy. Till the middle of September, it began to stop the rise. Then the exchange rate between Renminbi and US Dollar began to fluctuate between 6.5 to 6.7. The exchange rate has soared again in the last week. So although the price of mung bean, peanut, pumpkin seed in domestic market is relatively stable, the offer still rise a little. And also some kidney beans like light speckled kidney bean and dark red kidney bean, the price itself has been going up, the offer rises more.

Analysts say the RMB exchange rate will remain bi-directional volatility. Which means, it will keep making impacts on our quotations. And if you have some urgent orders, we suggest you could make decisions as soon as possible to avoid some losses.

If you want to know more about pulses, seeds, kernels and peanuts, please follow us, green mung bean leading exporter Taijin Food.