Black Bean Prices Surge in China's Dalian Region Amid Supply Reduction

Prices are Unlikely To Rise in The Short Term For Chinese Organic Black Kidney Beans

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DALIAN: The organic black kidney bean market is mainly concentrated in Japan, Taiwan, the US and Southeast Asian markets. During the Spring Festival, the market was sluggish, export orders decreased, and importers purchasing speed slowed down. Most of the exporters in the production area have few organic black kidney beans orders, the export is on a downward trend, and the price is stable. However, the supply of goods at the grassroots level in the production area is limited, and it is difficult for grain merchants to purchase.

Most grain merchants have stable quotations and are reluctant to sell at low prices. But there are also some grain merchants who ship at low prices. Zhuochuang Information believes that it is difficult for the price to rise in the short term from the current market situation of black kidney beans. If most grain merchants are unwilling to sell at low prices, it may support prices to a certain extent. Please pay attention to the mentality of grain merchants in the producing area.

Mintec Global

Current Market Price in China for Organic Black Kidney Bean

Product  Name Organic Black Kidney Bean
Type Small
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1370-1400/mt
Delivery 20 days after the contract