China’s Pulse Market Tightens as Sales Surge

Scarce Stocks in Key Domestic Production Areas

DALIAN – As of now, the average progress of pulse sales in major domestic production areas stands at approximately 87%, with remaining stocks becoming increasingly scarce.

Market Dynamics and Pricing

The downstream market is actively digesting inventory, with procurement happening on an as-needed basis. The sales price is being adjusted according to the purchase price. Traders generally have small inventories and are mainly aligning their stock with market demands.

Regional Sales Progress

In specific regions, the pulse sales progress is as follows:

• Heilongjiang: 86% – 89%
• Jilin, Inner Mongolia, Jiangsu: 96% – 98%

With the surplus pulses from farmers in these producing areas dwindling, traders are finding it difficult to purchase stock. The cost of gross grain is currently supporting the shipping prices of red soybeans.

Decline in Imports

Recent imports of adzuki  beans have declined, leading to a reduction in domestic alternatives. This decrease in imports is also contributing to the current market dynamics and pricing.

The current scarcity of pulse stocks and the high percentage of pulse sales progress indicate a tightening market. Traders and buyers should be aware of the limited availability and potential price adjustments. As imports decline, the reliance on domestic production becomes more significant, highlighting the importance of strategic stock management and procurement planning.