DALIAN: Reduced area of UK red kidney beans in the new season supported prices. According to the preliminary research of Zhuochuang Information, farmers in domestic production areas are not very enthusiastic about planting British red kidney beans this year. The planting area in the Northeast production area is still small, the area in Xinjiang has decreased by about 50%, and the area in Shanxi and Inner Mongolia has decreased by about 30%-40% year-on-year. At present, the emergence of many places in Shanxi is good, but the emergence of some plots in Inner Mongolia is not ideal due to the drought in the early stage.
Although the demand-side pull is insufficient, the area of the new season is reduced. There is some expectation of production reduction, which can boost the mentality of grain merchants and support the stable operation of prices in the short term. It is recommended to focus on the late growth of British red kidney beans in the new season, which will affect the operating mentality of the market players and thus affect the price trend.
Current Market Price in China for dark Red Kidney Beans
| Product Name | Dark 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 | Usd 1.610-1.640/mt |
| Delivery | 20 days after the contract |