Dalian: Traders reported sluggish market demand and slow digestion of merchant inventories. The supply of high-quality goods at the grassroots level is scarce. Recently, grain merchants’ purchases of gross grains have declined, their willingness to purchase has weakened, and there is an intention to stop receiving them. Quotes vary due to different qualities of supply. Exports to the US market are affected by shipping and tariffs.
Mainly purchased from South America, the domestic British red price is stable in the short term. Traders cut prices to ease inventory pressure. Standard export prices for the week were $1.530-1.560 a tonne. Regular UK red export orders at the port were reduced and prices were uncompetitive. The export market demand has not been boosted, and grain merchants in the producing areas are cautious in purchasing. There is still a certain surplus of grain at the grassroots level in Shanxi production areas, but the output of raw grain is low. Prices of high-quality British red kidney beans are stable due to the limited supply of high-quality products from grain merchants. There seems to be no improvement. Follow the latest market changes.
Current Market Price in China for Dark Red Kidney Beans
| Product Name | Dark 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 | Usd 1530-1560/mt |