Chinese Adzuki Beans: Prices Vary Widely

Organic Adzuki Beans Market

DALIAN: The new season of organic red beans in the production area is still growing, and there is no sign of a large-scale production reduction. If there is no rain during the harvest period, the new grain will be available for more than a month. The organic red bean in the production area has not been sold quickly. The grain merchants have different attitudes toward shipping, and there are still differences in the quotations. The local prices are chaotic, and the high and low prices coexist. The domestic wholesale market traders’ inventory is slow to digest, and due to the different inventory costs, the merchants’ shipping quotations are stored in the range.

Adzuki Beans Market

DALIAN: Grain merchants in the production area have successively cleared their warehouses, and some grain merchants have suspended quotations due to lack of stock supply. Some grain merchants still have a small amount of supply. Due to the lack of downstream inquiries recently, they said that the transaction can be negotiated. The willingness of multi-stock grain merchants to sell goods at low prices is still limited. This week’s bidding price in South Korea is not ideal. The domestic wholesale market just needs to take a limited amount of goods and demand support. The short-term red bean price is difficult to improve. In previous years, before the Mid-Autumn Festival, the market volume will increase. The hope is that demand will increase in the near future.

Current Market Price in China for Adzuki Beans

Current Market Price in China for Organic Adzuki Bean