Red Kidney Beans

Red Kidney Beans : High Prices and Less Exports in China

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Red Kidney Beans

DALIAN: New dark red kidney beans price is high, the market trading volume is small. Market participants and production businesses expect prices to fall or for prices to stabilize. If prices remain high, it will be difficult to change the sluggish exports. Manufacturers and trade chambers make a small inventory based on demand to meet production demand. Exporters have some expectations for a reduction in red kidney beans production this year.

Currently, the price is at a high level. Food merchants are reluctant to deliver goods at low prices, and prices will remain stable in the short term. Continue to monitor changes in market prices and exchange rates.

Mintec Global

Organic Red Kidney Beans

DALIAN: Organic red kidney beans have been listed one after another, and buyers from the Netherlands, the Czech Republic, Italy, the United Kingdom and France have made inquiries. Importers wait for the price to stabilize before buying. Most exporters have sold out their organic British red stocks, and middlemen are out of stock. Manufacturers and traders are currently preparing new purchases. In the domestic market, traders with inventories are unwilling to deliver goods at low prices, and sales are stuck. There are also grain merchants with large stocks who are still unwilling to sell and they are waiting. Downstream merchants digest inventory and the mentality of buyers and sellers affects the price of red kidney beans in the later period.

Current Market Price in China for Dark Red Kidney Beans

Product  Name Dark red kidney bean Organic red kidney bean
Type Shanxi type Shanxi type
size 190-210pcs/100g 190-210pcs/100g
Moisture 16% max 16% max
Package 25kg paper bag 25kg paper bag
Purity 99.5% 99.5%
Loading 22mt /20GP 22mt /20GP
Fob Dalian Usd 1700-1750/mt Usd 1780-1830/mt
Delivery 20 days after the contract 20 days after the contract

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