Australian mung beans in 4 insights/
What factors led to increased production and where is the demand?

Production outlook

- Expected production of at least 150,000 metric tons (MT) for the upcoming season. This would match the record set in 2016 and be well above the average crop size of 85,000-100,000 MT

- The above average crop is due to very good rains across broad growing areas leading up to planting window, an increased opportunity for double cropping after wheat and barley, expanding the available area, good soil moisture profile in wheat and barley stubble, strong mungbean prices and concerns about fall armyworm damage in sorghum and corn crops, making mungbeans more attractive. 

 …pricing outlook

- Prices to China last week were around USD 1000/MT for Processing grade and USD 930/MT for Manufacturing grade; very high due to lower expected production in Myanmar.

- The peak demand and harvest time is April/May, which will be crucial for determining final prices.