Inventory Costs and Shipping Prices
Currently, traders in Dalian face generally high inventory costs, which support the shipping prices of adzuki beans. Recent increases in shipping costs for routes to Europe and the United States have led to a decrease in export orders.
Farmer Reluctance and Market Supply
There is a limited supply of red beans in the producing areas, and farmers are reluctant to sell. This reluctance, combined with high gross grain costs, continues to support shipping prices for traders.
Improved Downstream Demand
Downstream demand for red small beans has slightly improved, with some buyers procuring on an as-needed basis. Despite the low prices in the production areas, the market is characterized by a cautious selling mentality and on-demand purchasing.
Price Stability Expected
Given the current market dynamics, including high inventory costs and slightly improved demand, adzuki bean prices are expected to remain stable next week.
The market for red small beans in Dalian is navigating through high inventory costs and fluctuating shipping expenses. Stakeholders should keep an eye on these factors to anticipate future price movements and adjust their strategies accordingly. The expected stability in prices offers a window for careful planning and procurement.
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 1491-1519/mt |
| Organic FOB Dalian | USD 1700-1730/mt – EURO 1575-1603/mt |
| Delivery | 25 days after signing contract |