DALIAN: The supply of goods at the grassroots level in the production area is exhausted. Most grain merchants have few spot stocks, and some have been cleared. Overall, the surplus grains have decreased significantly compared with the same period last year.
The growth of red adzuki beans in many parts of Northeast and Northern Jiangsu is good, and a small number of them are affected. The drought in the northern Shaanxi production area may be difficult to alleviate next week, and the growth of red adzuki beans is not good. In the domestic wholesale market, the inventory of red adzuki beans is not large, and the demand is flat. Some low-inventory traders still have rigid replenishment needs.
Grain merchants in the producing areas mainly hold goods. Although there are individual intentions to clear the warehouse recently, there is still no willingness to sell low prices. Most traders in the domestic wholesale market are still cautious about replenishment. Considering that the new grain will be available for less than two months, a small amount of replenishment is the main issue. Traders who have already cleared the warehouse either suspend sales or adjust a small number of goods around.Current Market Price in China for adzuki beans
| Product Name | adzuki beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd2420/mt |
| Delivery | 25 days after signed the contract |