Farmers Adjust Prices Upward
Farmers in the Dalian production area have adjusted their prices slightly upward for adzuki bean due to low pricing in recent weeks. This has led to an increase in the cost for traders purchasing bulk grain, driving a minor rise in shipment prices for red soybeans.
Current Grain Availability
Currently, farmers in domestic production areas have approximately 14% of their grain remaining. However, the distribution is uneven across regions, with Heilongjiang farmers holding less than 2% of their remaining grain.
Impact on Sales Prices
This week, the slight increase in production area prices has caused a corresponding rise in sales prices in most regions. Adzuki bean prices are expected to remain stable in the near term, constrained by both cost and demand factors. The overall supply and demand pattern has not significantly changed, indicating a stable price outlook.
Market Analysis
- Cost and Demand Constraints: The slight price increase is primarily driven by higher purchasing costs and stable demand.
- Stable Supply and Demand: Despite minor fluctuations, the supply and demand pattern for adzuki bean remains unchanged, contributing to price stability.
The slight rise in red soybean prices highlights the delicate balance between cost and demand in the agricultural market. With limited remaining grain in key production areas like Heilongjiang, prices are expected to hold steady, reflecting the stable supply and demand dynamics.
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1590-1620/mt – EURO 1480-1508/mt |
| Organic FOB Dalian | USD 1680-1710/mt – EURO 1564-1592/mt |
| Delivery | 25 days after signing contract |