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Thread: Mung Bean Conspiracy!

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[quote=JIMMYB,401829]You may not believe that mung bean price in China has increased madly since last year. In Beijing, the price has quadrupled. It was 18.4 yuan per kilogram last month. Now it has decreased to 8 or 9 yuan per kilogram.

Why? The government has investigated and found out that the mung bean is another case of price-collusion scam. A trading house in Jinlin Province united with other 100 mung bean dealers to spread false information that mung bean production last year was very low. Then they hoarded a lot of mung bean and waited for the price increase. Thus, they could make a lot of money.

Currently, their “Mung Bean Conspiracy” has been exposed. The trading house was fined 1 million yuan and other 100 mung bean dealers were warned too. And the Anti-Monopoly Office and the Market Price Supervision Office have been launched to “control monopolistic behavior and curb market manipulation.”

The Mung Bean Conspiracy has ended. But what about the garlic? It is already more expensive than meat. 
[/quote]

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