Dalian, China – As the spring season unfolds, projections for the red small beans market in May 2024 suggest a nuanced pattern of stability punctuated with incremental strength. Factors such as agricultural activity, inventory dynamics, and seasonal demand are shaping expectations.
Stability Amidst Spring Activities
Farmers, engrossed in springtime agricultural tasks, are anticipated to have limited time for grain sales. This reduced selling activity is poised to contribute to a stabilization of red small bean prices during certain periods.
Inventory Dynamics and Pricing Sentiment
Traders, navigating through inventory-based pressures, are gradually adjusting their pricing strategies. The prevailing low prices coupled with a disposition towards selling are expected to exert a gradual upward pressure on prices.
Forecasted Price Trends
Over the next three months spanning May to July, a general strengthening of red small bean prices is anticipated. This projection is underpinned by several factors including a gradual decline in total supply, potential enhancements in procurement and inventory costs, and heightened demand spurred by seasonal factors such as the Dragon Boat Festival.
As the market navigates through the intricacies of supply and demand dynamics, the outlook for red small beans in the coming months suggests a blend of stability and incremental strength. Projections point towards a market that responds to the rhythms of agricultural cycles and seasonal demand fluctuations.
Current Market Price in China for Adzuki Beans
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1620-1650/mt – EURO 1510- 1538/mt |
| Organic FOB Dalian | USD 1680-1710/mt – EURO 1566-1594/mt |
| Delivery | 25 days after signing contract |