DALIAN: Affected by the Korean standard price, the mentality of some grain merchants in the production area has been boosted, and the wait-and-see mentality of farmers and grain vendors has also increased. Although the market transaction volume before the festival was low, farmers and grain vendors may not be willing to ship goods at low prices in the short term after the Spring Festival. If it is difficult for grain merchants to supply goods at low prices, some may appear price-defending, and the price of adzuki bean will rise in stages.
However, considering the slow recovery of demand in the wholesale market in the sales area after the Spring Festival, it is still necessary to pay attention to the high-price purchasing power of downstream. At present, there is no clear news about the red bean from North Korea, but after the Spring Festival, some red beans from Myanmar and Thailand may arrive in Hong Kong and pay attention to the actual import situation.
Current Market Price in China for Adzuki Beans
| Product Name | Chinese Adzuki Beans |
| Size | 5.0 mm up |
| Purity | 99.95 % |
| Moisture | 14.5 % max |
| Package | 25 kg paper bag |
| FOB Dalian | Usd 2340-2390/mt |
| Delivery | 25 days after signing the contract |