Status of Chinese Adzuki Beans Market

DALIAN: The price of red adzuki beans in the domestic market is mainly stable, and some traders have raised their shipping quotations due to the increase in the cost of arrival. The grain surplus at the grassroots level in the production area is limited, and grain merchants are slow to deliver goods. Recently, grain merchants in some production areas have raised their purchase prices. Grain merchants are reluctant to sell their inventory at low prices because of the increase in costs, and some are still interested in quoting high prices. However, there is a slight conflict in the downstream, and the transaction of high-priced red adzuki beans is insufficient. The purchasing power of the terminal has declined, and traders in the downstream wholesale market are replenishing goods as needed. Since the sales price of red beans in some markets has not yet followed the increase in the production area, traders still have some resistance to buying goods at high prices. Due to the strong attitude of grain merchants to support prices, the short-term red bean price may continue to run high and strong, and pay attention to the purchasing power of high prices in the downstream.

Current Market Price in China for Adzuki Beans