Dalian, China – This week, the adzuki bean market in Dalian has shown signs of price stabilization due to cost support. Some sellers have even adjusted their prices upwards, reflecting current market conditions.
Current Market Dynamics
Price Stability and Adjustments
The adzuki bean prices have stabilized in part of the market, while some sellers have increased their sale prices. This trend is driven by cost support as the market adjusts to the current supply and demand dynamics.
Impact of Spring Planting
In the northeastern production areas, farmers are entering the peak period for planting adzuki beans. As a result, they are preoccupied with spring sowing activities, leaving little time for grain sales. This has led traders to focus on digesting existing inventory.
Regional Sales Progress
Heilongjiang Province
As of late May, farmers in Heilongjiang, a major adzuki bean producing area, have sold approximately 83% of their grain. This indicates a significant progress in sales, despite the busy planting season.
Other Producing Provinces
In contrast, farmers in other key producing provinces have sold less than 5% of their grain. This disparity highlights regional differences in sales progress and inventory levels.
Factors Influencing Future Adzuki Bean Prices
Several factors will determine the future movement of adzuki bean prices:
- Cost Support: The ongoing cost support will continue to play a crucial role in maintaining price stability. If costs rise, prices may adjust upwards further.
- Planting and Harvesting: The current planting season’s progress and the subsequent harvest will significantly impact supply levels. A successful planting season could stabilize prices, while any disruptions could lead to price increases.
- Inventory Levels: Traders’ ability to manage and sell existing inventories will influence price movements. High inventory levels could cap price increases, whereas low inventories might drive prices up.
- Farmer Sales Activity: The pace at which farmers can transition from planting to selling their grain will also affect market prices. Increased sales activity post-planting could stabilize or even reduce prices.
Monitoring these factors will be essential for stakeholders in the adzuki bean market to make informed decisions and anticipate potential price movements in the coming months.
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1620-1650/mt – EURO 1498-1525/mt |
| Organic FOB Dalian | USD 1680-1710/mt – EURO – 1553-1581/mt |
| Delivery | 25 days after signing contract |