Mung beans are commonly enjoyed in China, given their wide use in food and beverages. However, shortages in domestic production due to rising labour costs have led players to shift their focus overseas, to countries such as Myanmar and Uzbekistan, which benefit from geographic proximity and consistency in production quality.
The price of red beans is expected to rise over the forecast period, due to the increasing gap between consumption and production domestically. Although the government has granted special loans to red bean farmers, accompanied by supportive market measures, producers are hesitant to increase their output of red beans, for fear of thinner margins in the future as labour costs continue to rise.
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Understand the latest market trends and future growth opportunities for the Pulses industry in China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This category is limited to leguminous crops harvested only for dry grains, excluding crops harvested green for food (green peas, green bean, string beans, etc), which are considered to be vegetables and are included in other vegetables category. Also exclude those used mainly for the extraction of oil (eg soybeans) and those leguminous crops such as clover and alfalfa, which seeds are almost used exclusively for sowing purpose. This is the aggregation of dry beans, peas and other pulses.See All of Our Definitions
This report originates from Passport, our Pulses research and analysis database.
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