Black Bean Supplies in Northeast China Hit Record Lows

Supply Shortages in Northeast Producing Areas

In Dalian and the broader Northeast region, black bean supplies have hit record lows. Grain merchants are facing increasing difficulties in sourcing and loading black beans, with only a few merchants holding any significant stock. Most traders report that their supplies have bottomed out, creating a challenging market environment.

Export Market Scarcity

The export market for black beans remains scarce. Despite this, prices in the production areas have risen, reflecting the difficulties faced by traders in securing supplies. While there are price variations among traders, the difference from production area prices is not substantial.

Price Outlook Remains Strong

According to Zhuochuang Information, given the current supply and demand dynamics, black bean prices are expected to remain strong in the near future. The combination of low supply and consistent demand is likely to keep prices elevated.

The current shortage of black beans in Northeast China underscores the volatility in agricultural markets. As supply dwindles and demand remains steady, stakeholders in the black bean market must navigate these challenging conditions carefully. Adapting to supply constraints and monitoring price trends will be crucial for traders and exporters in the coming months.