DALIAN: Starting in mid-October, grain merchants in the northeast producing areas have replenished the storage, driving the price of red adzuki beans to rise. As prices continue to be strong, farmers are hoping to increase sales, their mentality is heating up, and small grain vendors have begun to rush to harvest. Market activity is high, which is good for the price of red adzuki beans.
As of October 26, the shipping price of Pearl Red Beans from Daqing Lindian Food Company in Heilongjiang refers to 2.32 US dollars/kg, and some reported high shipment prices of 2.34 US dollars/kg. The price increased by 0.13 US dollars/kg from last Friday. With the cost of adzuki beans rising to a high level again, some downstream traders have recently developed a wait-and-see attitude, making it more challenging to trade high-priced pearl adzuki beans. Next week, the number of red adzuki beans on the market in Henan, Anhui, Jiangsu and Jiangsu will continue to increase. Some traders in the surrounding markets may control the cost to replenish the goods.
Current Market Price in China for adzuki beans
| Product Name | adzuki beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd2120-2150/mt |
| Delivery | 25 days after signing a contract |