DALIAN: Market participants reported that the black kidney bean planting area has been decreasing year by year in recent years. Traders intend to keep stocks and wait for price increases. Prices rose slightly this week. Market participants predict that the sown area will be further reduced in 2022. The sown area of other white kidney beans, English red, etc. has also decreased further. The planting area of corn and soybeans in Northeast China has increased, and it will take time for new grains to be launched. Currently, there is no downward trend in prices. In terms of exports, the demand in the US market has been greatly reduced, making it difficult to trade at high prices. In summer, the weather is hot, the market is sluggish, and quotations are stable. It is difficult for the downstream market to accept high prices. The market accepts the change in the mentality of Chengdu and grain merchants, which will affect the price of organic black kidney beans in the later period.
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 |