Expanded Planting Area in Northeast China
This year, the northeast region of China has seen a significant increase in the planting area for black beans. This expansion is expected to boost overall production, addressing the scarcity of residual grains at the grassroots level.
Current Production and Price Support
Despite the increased planting area, the current production areas report a scarcity of residual grains. This scarcity is providing support for black bean prices, preventing them from dropping. Farmers and traders are cautiously optimistic about maintaining stable prices in the short term.
Sluggish Summer Export Market
However, the summer export market for black beans remains slow. The limited export activity is making it difficult for prices to continue rising. Traders are finding it challenging to move their products internationally, which is putting a cap on potential price increases.
Price Stability Expected
According to Zhuochuang Information, black bean prices are expected to remain stable in the short term. The combination of increased planting and current market conditions suggests that while prices may not rise significantly, they are unlikely to fall either.
The Dalian black bean market reflects a delicate balance between increased production and sluggish export demand. The stability of black bean prices in the coming months will largely depend on the ability to stimulate export markets and manage domestic supply effectively. Traders and farmers alike are watching these developments closely, hoping for a more dynamic market environment as the year progresses.
Product Name |
Chinese Black Kidney Bean |
| Type | Small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 1240-1270/mt – EURO 1140-1168/mt |
| Org. Fob Dalian | USD 1320-1350/mt – EURO 1214-1241/mt |
| Delivery | 20 days after the contract |