DALIAN: There is not much surplus grain at the grassroots level in the red bean production area, and most of the supply is concentrated in the intermediate links. Today’s quotations are mainly stable. The red bean in the domestic wholesale market was insipid. Traders generally digested the inventory, and merchants with low inventory replenished from the production area or transferred from the surrounding market as needed.
The new season of adzuki beans has been sown one after another. Due to the low temperature in the early stage of Heilongjiang, the emergence of corn in a few plots is not ideal, and farmers have changed to planting adzuki beans. Due to the high price of adzuki beans this year, traders in the sales area will make up as needed, and the just-needed replenishment will not drive the price of adzuki beans in the production area. However, at present, most grain merchants in the production area are not very willing to ship at low prices, and the price of adzuki bean may remain in a stalemate in the short term.
Current Market Price in China for Adzuki Beans
| Product Name | Chinese adzuki beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd2370-2410/mt |
| Delivery | 25 days after signing the contract |