DALIAN: Market participants have reported that with the forecast for a reduction of more than 50% in the acreage of red acreage in the UK in 2022, some traders are now starting to stock up on cargoes, and market prices are starting to rise. However, the actual volume was small due to market downturns and prices, etc. The export market has been sluggish for some reason and hasn’t gotten better. 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. High shipping costs hinder exports. The UK export target price of organic red kidney beans this week is between $1,660 and $1,680 a tonne. Continue to monitor changes in market prices.
The current market price in China is below
| Product Name | Organic 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/Tianjin | Usd 1660-1700/mt |
| Delivery | 20 days after the contract |