Chinese Adzuki Beans: Bidding Affects Traders Mentality

DALIAN: As the Spring Festival is approaching, there are few downstream stockings before the holiday. A few traders have already taken a holiday, and most of them are still maintaining small orders around the area. Grain merchants in the production area have limited export orders. Due to the slow delivery of goods at the grassroots level, some grain merchants have stopped receiving and holidaying; some still have a small number of orders that need to be shipped before the holiday and are still being processed and loaded. The market purchases and sales activity declined, and the price of red adzuki beans did not change significantly before the Spring Festival. Some trading entities are still waiting for the results of the Korean adzuki bean tender this Friday. Considering that most trade entities will have a holiday by then, it is expected that the Korean standard price will have little impact on the pre-holiday red bean price, which will mainly affect the operational mentality of the trade entities after the festival.

Current Market Price in China for Adzuki Beans