Adzuki bean prices in Dalian are projected to experience a period of stability followed by fluctuations from June to August, according to Zhuochuang Information.
June: Stability in the Market
In June, the market is expected to focus on digesting existing inventory, leading to relatively stable prices. The cost of the inventory will play a key role in maintaining this stability, as traders and farmers work through their current stock.
July: Slight Weakening Anticipated
As the month of July progresses, there is likely to be an increase in shipping enthusiasm from both farmers and some traders. This surge in supply could lead to a slight weakening of adzuki bean prices. The market dynamics during this period will be influenced by the increased availability of beans, which may outpace demand.
August: Potential Price Increase Ahead of Mid-Autumn Festival
In August, preparations for the Mid-Autumn Festival are expected to drive demand. Potentially causing an upward adjustment in adzuki bean prices. The festival, which is a significant event in many Asian cultures, typically sees a rise in the consumption of traditional foods, including adzuki beans. This increased demand is anticipated to push prices higher.
Market Uncertainty
Despite these projections, the market remains susceptible to various uncertainties that could impact price trends. Traders’ mentalities and responses to unforeseen factors could lead to different outcomes than currently expected. These uncertainties underscore the importance of closely monitoring market conditions and remaining adaptable to changes.
The market in Dalian is set to navigate through a series of shifts this summer. Balancing inventory digestion, increased supply, and festival-driven demand. Stakeholders should stay informed and agile, ready to respond to the market’s evolving conditions to optimize their strategies.
Current Market Price in China for Adzuki Beans
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1610-1640/mt – EURO 1487-1515/mt |
| Organic FOB Dalian | USD 1660-1690/mt – EURO 1533-1561/mt |
| Delivery | 25 days after signing contract |