Organic Large White Kidney Bean: The Supply Is Scarce, the Market Is Stagnant

YUNNAN: Exporters in the production area reported that the sale of organic large white kidney beans was completed, and the export standard stopped offering quotations. High-quality organic large white kidney beans need to wait until new arrivals are available. The export market is plagued by the impact of ocean freight. It is currently impossible to predict the market situation in the new season. The purchasing power of domestic and foreign markets declined. At the same time, it is difficult for foreign large white kidney beans to be imported into the domestic market. With summer approaching, domestic producers and exporters have no restocking plans and have recently started clearing inventories. At present, the purchase price of organic raw grains has dropped to US$1.850/ton, 45 grains/100g. At present, exporters’ quotations have begun to decline, and export orders have decreased significantly compared with the same period last year. The current standard export price is 2.320-2.360 US dollars / ton, FOB Tianjin. Continue to monitor market price changes.

Price in China for Organic Large White Kidney Bean