DALIAN: This week, exporters reported a shortage of organic black kidney beans from grain merchants in the producing area, and prices strengthened slightly. Market participants predict that the planting area will further decrease in 2022. Considering that the remaining grain in the Northeast region is less than the same period in previous years, it will take time for new grains to be launched, and there is no downward trend in the forecast price. In terms of exports, the demand in the US market has been dramatically reduced, making it difficult to trade at high prices. There are also grain merchants with little inventory, and the quotations are stable. If the downstream market can accept the high price, the quotations of grain merchants may rise further.
Pay attention to the market acceptance and the mentality of grain merchants, which will affect the price of organic black kidney beans in the later stage.
Current Market Price in China for Organic Black Kidney Bean
| Product Name | Organic black kidney bean |
| Type | small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1350-1390/mt |
| Delivery | 20 days after the contract |