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Organic Red Kidney Bean Export Market Becomes Active at China

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DALIAN: After the Spring Festival, the organic red kidney bean market became active, and the demand in the foreign trade market increased. Export prices have risen by about $30 per ton compared with pre-holidays. Inquiries in Italy, the United Kingdom, the Netherlands, and the Czech Republic increased. Export markets are expected to recover. Due to the increase in searches in the export market, exporters began to replenish.

Imported products severely hit the domestic market. The US market is not as good as the European market, and purchases have dropped significantly. Of course, this is related to the epidemic, and high shipping costs hinder exports. Standard export prices for organic red kidney beans in the UK this week range from $1.640 to $1.670 a tonne. Importers are very concerned about changes in market prices.

Mintec Global

The current market price in China is below:

Product  Name Organic 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/Tianjin Usd 1640-1670/mt
Delivery 20days after contract