How About the Mung Bean Production Situation Recently 1

From the perspective of supply and demand, the supply of mung beans at the grass-roots level in the domestic production areas is very small, and some of the vendors have the supply of sprout beans, but they are not active at the low-cost sales, which temporarily supports the price of sprout beans. The supply of commodity mung bean is very limited, so it’s difficult for grain merchants to replenish their stock. However, the prices of mung beans in Myanmar fell due to the increasing supply of imported mixed beans.

On the other hand, from the perspective of mentality, the quantity of sold sprout beans has gradually decreased recently. Because with the rise of domestic temperature, sprout beans have gradually entered the off-season of demand, and the market volume has declined. At the same time, during the period of the price rise of sprout beans around the Qingming Festival, the downstream businesses have replenished, and the inventory can meet the current market demand, so the intention of replenishment is small. While the sales status of commodity mung bean is not promising, with the temperature of some area is not high enough and recent rainfall, so the sales situation of mung bean is still not improving. Merchants have inventory, now there is no intention of replenishment. At the same time, the price of mixed beans went down. Some domestic businesses had low priced supply in the early stage, and now they are shipping at a lower price.

According to the above mung bean production situation and the current market, it is predicted that the domestic mung bean market in the near future will be basically stable in the short term, and there will be no trend of price increase. But because the resources of goods is insufficient, so the supply is still unable to meet the long-term demand, there will be a trend of price rise in the future. That is to say, whether in the perspective of the price or the climate, now is the best time to buy and stock mung beans. The market may reproduce a wave of small peak buying mung beans around the end of May. Due to the impact of the epidemic in China, the planting area of mung beans in the new season will be greatly reduced compared with previous years. After that, there may be insufficient supply of green beans, so the price of green beans is expected to rise in July and August.