Chinese Red Kidney Beans: Calm Market, Stable Prices

Red Kidney Beans

DALIAN: The market predicts that the British Red will be officially listed at the end of September, and traders are ready to purchase new products. Currently, the market is quiet and prices are stable. Importers began to wait for new arrivals. The UK red export market has entered a traditional low season for sales. Traders mainly digest a small amount of inventory, and the amount of replenishment is limited. Reduced demand has put producers in a bind. Producers and traders replenish inventories in small quantities based on demand. Exporters have certain expectations for the reduction in the production of kidney beans this year. Some grain merchants are reluctant to ship at low prices, and prices will be stable in the short term.

Organic Red Kidney Beans

DALIAN: As the time to market for new products is approaching, most exporters have sold out their organic British red stocks, and there are not many middlemen in stock. However, due to the downturn in the market, prices stabilized. Producers and traders are waiting for new products to hit the market, with market participants reporting a marked reduction in plantings for the new season. In the domestic market, traders with inventory are reluctant to ship at low prices, and sales are deadlocked. There are also grain merchants with larger inventories who are still reluctant to sell and in an attitude of wait and see. Pay attention to the mentality of buyers and sellers, which will affect the price of red kidney beans in the later period

Current Market Price in China for Dark Red Kidney Beans