DALIAN: There is no improvement in export demand, and traders in the sales area are cautious in replenishment, mainly replenishing as needed, but overstocking. As downstream low-stock traders buy more goods and lower prices, which is not conducive to the export of high-priced red beans in the production area, the short-term market may not be boosted. Since grain merchants in the producing area are not quick to stock goods at low prices, it is expected that most grain merchants will offer stable quotations in the short term. Some grain merchants will supply small quantities of goods at low prices, so the transaction can be negotiated slightly. Continue to monitor market changes.
Current Market Price in China for Organic Adzuki Bean
Product Name | Organic Adzuki Bean |
Type | Small |
Moisture | 16% max |
Package | 25 kg PP bag |
Purity | 99.5% |
Loading | 22 mt /20GP |
Fob Dalian | Usd 2430-2460/mt |
Delivery | 20 days after the contract |