China Beans FOB Beijing: Mixed Moves in Quiet Post-Holiday Trade

Mung, kidney and adzuki beans FOB Beijing show only marginal day‑on‑day adjustments, with organic lines slightly softer and most conventional grades broadly stable in a well‑supplied, low‑volatility market.

China’s beans complex remains in a post‑Lunar‑New‑Year consolidation phase. Domestic pipelines are comfortably supplied after good 2025 grain output, while export demand to traditional outlets in Japan and South Korea is steady rather than strong. Recent reports still describe adzuki and related bean markets as balanced with farmers having sold more than half of available stocks in key producing provinces, and no major weather threats are emerging from Northeast China. Against this backdrop, slight easing in some organic premiums and near‑unchanged conventional FOB values point to a market driven more by routine restocking and freight costs than by fundamentals.

📈 Prices & Spreads (FOB Beijing, converted to EUR)

Approximate FX used: 1 USD ≈ 0.92 EUR.

Bean type	Specification	Organic	Latest FOB price (EUR/kg)	1‑week change (EUR/kg)	Direction
Mung beans	Organic, 99.5%	Yes	≈ 1.44	≈ -0.01	Soft
Mung beans	3.8 mm up, 99.5%	No	≈ 1.36	≈ -0.01	Soft
Kidney beans	Dark red	No	≈ 1.18	≈ +0.01	Firm
Kidney beans	Black	No	≈ 0.96	≈ -0.02	Softer
Kidney beans	Large white	No	≈ 2.04	≈ 0.00	Flat
Kidney beans	Large white	Yes	≈ 2.15	≈ 0.00	Flat
Adzuki beans	Red, 5.0 mm up	No	≈ 1.21	≈ +0.02	Firm
Adzuki beans	Red, 5.0 mm up	Yes	≈ 1.28	≈ +0.02	Firm

🌍 Supply & Demand Drivers

• Recent Chinese beans market reports describe a calm environment: post‑holiday trading is cautious, but inventories in Heilongjiang and Jilin are comfortable, with around half or more of adzuki and related beans already sold by farmers.
• A fresh pulses briefing from Beijing highlights that mung and adzuki exports remain focused on nearby Asian markets (Japan, South Korea), with modest volumes and no dramatic policy shocks.
• China’s overall grain supply is robust after a record 2025 harvest, which limits substitution pressure and keeps pulse prices anchored relative to cereals and oilseeds.
• External price references show East Asian mung markets shaped mainly by steady food and health‑product demand rather than acute shortages; logistics and freight play a larger role in delivered values than origin‑level tightness.

⛅ Weather & Crop Context (CN)

• The short‑term outlook for North China Plain logistics hubs such as Beijing is benign: 19–21 March are forecast mostly sunny to partly cloudy, 15–18 °C daytime highs, with no rain disruptions expected for near‑term bean movements.
• Seasonal commentary for Northeast China (key dry‑bean region) indicates largely normal late‑winter conditions; earlier notes of off‑season dryness and past harvest‑time rains have not translated into acute risks for current bean stocks.
• Medium‑term climate studies for Jilin point to stable temperature patterns into 2026, supporting a neutral view on upcoming planting and yield risks for pulses, absent new weather shocks.

📊 Market Tone & Trading Outlook

• Mung beans: Slight softening in both organic and conventional FOB Beijing suggests mild buyer resistance at recent highs; with exports to Asia steady but unspectacular, values are biased to range‑trade with a marginally weaker tone.
• Kidney beans: Dark red grades show a small uptick, but black beans are a touch softer, indicating selective buying and competitive cross‑origins (e.g. Brazil) keeping a lid on rallies.
• Adzuki beans: Recent reports already flagged stable to slightly firm adzuki prices; the latest EUR‑converted quotes confirm a mild upward drift, supported by steady demand from confectionery and export paste users.

🎯 Tactical Takeaways

• Buyers (Asia, EU): Stagger purchases in small tranches; current FOB Beijing levels for mung and black kidney beans are slightly easier, with limited upside risk in the next week given comfortable Chinese stocks.
• Sellers (CN exporters): Maintain offer discipline on adzuki and large white kidney beans where firmness persists; consider modest discounts only on organic mung and black kidney beans to stimulate nearby shipments.
• Logistics: Use the current stable weather window around Beijing to advance March loadings; freight and container availability remain more critical to landed cost than on‑farm price swings in the short run.

📆 3‑Day Regional Price Outlook (CN, in EUR)

• FOB Beijing – Mung beans (conv. & organic): Stable to slightly softer; expected move 0 to -1% over 19–21 March, assuming unchanged demand and normal logistics.
• FOB Beijing – Kidney beans (dark red, black, large white): Mostly flat; dark red may retain a mild firm bias (+0 to +1%), while black remains under slight pressure amid competition from other origins.
• FOB Beijing – Adzuki beans (red): Stable to marginally firmer; forecast 0 to +1% as export and domestic confectionery demand stay consistent and no fresh supply shock is visible.