MUNG BEAN
Also known in Vietnamese as green bean, has many folk names such as: sweet bean, vetch bean, short bean, green bean.
Green beans are taken from the seeds of green beans, which are widely grown in the plains and mountains, mainly to get seeds for food, making cakes, and fermenting into bean sprouts.
According to the USDA, green beans have high nutritional content, seeds contain: water, protein, lipid, glucid, cellulose. There are also trace elements Ca, P, Fe and vitamins (A, B1, B2, PP, C). There are also phosphatidylcholine, phosphatidyletanolamine, phosphatidylinositol, phosphatidylserine, phosphatidic acid. Mung beans are currently planted over approximately 120,000 hectares in Australia, producing around 90,000t and yielding around 0.8-0.9t/ha.
Queensland is the major producer of mungbeans in Australia and achieves higher yields on average. Ninety-five percent of Australian mungbeans are exported, with most growers supply processing and manufacturing grades.
Australia is succeeding as a supplier in the global cross-border market for mungbeans, with exports growing very strongly since 2007. Australia’s growing mungbean exports are going to India and SE Asia, with a clear shift underway to SE Asia.
LARGE & GROWING MARKET Global demand for mungbean is large (US$2.4b), growing long term (20y CAGR 6%) and pays reasonable prices (US$994/t). Mungbeans growth is on the back of growing demand from global markets. Macro drivers are pushing growth in global mungbean trade volume and value. Demand is growing faster than supply increasing value. Mungbean sprouts, noodles and flour are used extensively in Asia. Mungbean protein is also being used by the food industry in increasingly innovative ways.
As per Volza’s Global Export data, Mung bean export shipments stood from World at 43.9K, exported by 4,162 World Exporters to 4,868 Buyers.
World exports most of it's Mung bean to United States, India and Indonesia
The top 3 exporters of Mung bean are Myanmar with 6,703 shipments followed by China with 4,162 and Vietnam at the 3rd spot with 3,711 shipments.