Chinese Adzuki Beans: Forecast Price Stability for the Festival Season

Overview of Chinese Organic Adzuki Beans Market

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DALIAN: This month, the price of organic red adzuki beans in most domestic producing areas began with falling and then stabilized, with a slight rebound in some areas. Traders in the wholesale market replenish as needed. Due to the limited logistics and transportation in some production areas in Jilin, Liaoning and Heilongjiang, and some grain merchants in other production areas said that inquiries and purchases had increased slightly. Due to the slow delivery of goods at low prices, merchants are reluctant to sell. The market just needs replenishment, and the short-term grain merchants are firm in asking prices, which supports the price of red beans. In April, we will focus on the recovery of logistics in production areas and whether the demand side can improve.

Mintec Global

Current Market Price in China for Organic Adzuki Bean

Product  Name Organic adzuki bean
Type Small
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 2400-2430/mt
Delivery 20  days after the contract