Chinese Red Kidney Beans: How Do High Prices Affect Exporters?

DALIAN: According to market researchers, the prices of cereals and other beans have begun to rise due to factors such as the epidemic. The price of red in the UK has risen slightly recently. In the export market, port orders are scarce due to uncompetitive prices. Mainly affected by the price, the buyers’ purchasing power decreased, and the producers’ inventories were digested slowly. Standard export prices for the week were $1.580-1.620 a tonne. Grain merchants in producing areas are cautious in purchasing. Prices of high-quality British red kidney beans remain high due to grain merchants’ limited supply of high-quality products. But the upside is limited due to demand. Follow the latest market changes.

Current Market Price in China for Dark Red Kidney Beans

Organic Red Kidney Bean

DALIAN: Market participants reported a decrease in organic raw materials in producing areas and an increase in market prices. However, the actual volume is tiny due to price and other reasons.

The export market has been sluggish for some reason and has not improved. Traditional importers Italy, the UK, the Netherlands, the Czech Republic, France and Germany saw significantly lower volumes. And the export volume is decreasing year by year. Orders in the export market lack continuity and traders are not active in replenishment. The domestic market has a backlog of imported British red stocks, which imported products have severely impacted. The US market has only sporadic orders. Of course, this is related to the epidemic, and high shipping costs hinder exports. Standard export prices for organic red kidney beans in the UK this week were between $1.660 and $1.680 a tonne. Continue to monitor changes in market prices.

The current market price in China is below