DALIAN: Due to the high ocean freight this year, the export orders of British red kidney beans will be affected. In the early stage of the new grain market in 2021/22, most exporters had incomplete orders, and their purchasing mentality was cautious. Grain merchants in the producing areas mainly take the domestic food factories or wholesale markets, and the downstream replenish the goods on demand, which has not significantly boosted the price. At present, the purchase price of British red kidney beans from Shanxi producers is US$1.45/kg, and the price is down by US$0.09/kg year-on-year.
The export standard price is 1.58-1.62 US dollars/kg. This year, the production of red kidney beans in the United Kingdom has decreased year on year. At present, the domestic market demand in general. If export orders increase, prices may rise. However, at this stage, ocean freight is one of the critical factors affecting the export volume of British red kidney beans.
Current Market Price in China for dark red kidney beans
| Product Name | Dark red kidney bean |
| Type | Shanxi type |
| size | 190-210pcs/100g |
| Moisture | 16% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1610-1640/mt |
| Delivery | 20 days after the contract |