China Bean FOB Prices Edge Mixed as Export Demand Stabilises

Chinese FOB bean prices are broadly stable to slightly firmer, with modest gains in mung beans and small movements in kidney and adzuki beans, reflecting steady export demand and comfortable domestic supply.

In the last week, Beijing FOB quotes for Chinese beans have shown a narrow trading range, with organic and conventional mung beans ticking slightly higher, while large white kidney and adzuki beans eased marginally. This pattern points to a market that is well-supplied but still supported by solid export demand to Asia and the Middle East. Weather conditions across China’s northeast grain belt are seasonally benign, and no acute production risk is currently priced in. Against a backdrop of firm global feed and oilseed markets, Chinese beans are acting mainly as a regional staple export, with buyers focusing on nearby shipment coverage rather than aggressive forward buying.

📈 Prices & Spreads (FOB China, Beijing, 26 March 2026)

Approximate prices converted to EUR using 1 USD ≈ 0.92 EUR.

Product	Spec	Origin	FOB Price (EUR/kg)	1w Change (EUR/kg)	Trend
Mung beans	Organic, 99.5%	CN	≈ 1.46	+0.02	Firm
Mung beans	3.8 mm up	CN	≈ 1.39	+0.02	Firm
Kidney beans	Large white	CN	≈ 1.98	-0.07	Softer
Kidney beans	Dark red	CN	≈ 1.17	-0.01	Flat/soft
Kidney beans	Black	CN	≈ 0.96	0.00	Stable
Adzuki beans	Red, conv.	CN	≈ 1.20	-0.02	Slightly weaker

🌍 Supply, Demand & Weather

China’s dry bean sector remains a niche within the broader pulse and grain complex, but current supply is comfortable after generally favourable 2025 growing conditions across the northeast corn–soybean belt (Heilongjiang, Jilin, Inner Mongolia), which also hosts significant pulse acreage. USDA analysis for the latest season describes persistent favourable weather in these provinces, supporting high yield expectations for row crops and indirectly easing land-use and rotation pressure on pulses.

Looking forward into spring 2026, recent climate work on Jilin province points to stable seasonal temperature patterns and a continued gradual warming trend, which is supportive for planting and early crop development rather than threatening. No acute cold or drought shocks are reported for key northeastern pulse regions in the last three days. With fertilizer export controls from China now constraining some import-dependent countries in Southeast Asia, local Chinese bean producers benefit from relatively secure input access compared with overseas competitors, mildly underpinning export competitiveness.

📊 Fundamentals & Market Drivers

• Steady domestic use: Beans compete with soy and wheat in Chinese diets; robust soybean trade flows and high crush volumes keep overall protein supply well covered, limiting upside for dry beans from substitution alone.
• Export focus: China continues to ship beans mainly to Asian and Middle Eastern buyers as a specialty staple. With global soybean markets relatively well supplied and focused on Brazil vs. US trade flows, beans track regional food demand more than global feed cycles.
• Input and logistics costs: While China has curbed fertilizer exports, the domestic market is less exposed to the shortages that import-dependent producers now fear, preserving Chinese farmers’ cost advantage in pulses versus some competitors in Southeast Asia and Oceania.

Overall, fundamentals point to a balanced market: inventories and recent harvest outcomes are sufficient, exports are steady but not explosive, and there is no immediate weather threat. This combination explains the tight trading range and only modest week‑on‑week price adjustments in FOB Beijing quotes.

📆 Short-Term Outlook & Trading Ideas

• Importers (Asia/MENA): Use current stability to extend coverage modestly into Q2 2026, especially for mung beans, where prices are edging firmer and Chinese origin remains competitive in EUR terms.
• Chinese exporters: Consider locking in margins on large white kidney and adzuki beans, where FOB quotes have eased; downside seems limited near current levels absent a demand shock.
• Speculative traders: The lack of strong fundamental catalysts suggests a range‑bound market; strategies that profit from low volatility are favoured over outright directional bets in the next few weeks.

🔎 3‑Day Directional Price Indication (FOB, EUR)

• Beijing – Mung beans (organic & 3.8 mm up): Slightly firmer bias; expect moves of +0.5–1.0% as nearby demand remains steady.
• Beijing – Kidney beans (large white, dark red, black): Mostly sideways; range trade around current levels with ±0.5% intraday noise.
• Beijing – Adzuki beans (red): Mildly soft tone but nearing technical support; further downside likely limited to around −0.5–1.0% over three days.