Beans Market Pulse: Margins Under Pressure Amid Weak Demand, Steady Prices

The global beans market faces a delicate balance in early June 2025. Chinese major producing regions report dwindling residual stocks for red adzuki beans, driving trade and export prices primarily by inventory levels and procurement costs. Despite this tightness, demand from downstream segments remains subdued, keeping raw material prices slightly weak and limiting upward momentum. Unless a new tender emerges from major importers like South Korea, significant volatility in red bean prices is unlikely.

Meanwhile, China’s exports remain focused on Korea, Japan, and Europe, underscoring the reliance on external demand. International quotes for mung beans and kidney beans in China show marginal week-on-week increases, while adzuki and other pulses hover near recent levels. Markets in Brazil and the UK remain broadly stable as southern hemisphere harvests progress uneventfully. Overall, absent a demand shock, price action appears muted and localised softness could persist. Weather conditions in the main growing areas and global inventory trends are key factors to watch for the next price impulse.

📈 Prices

Product	Type/Grade	Origin	Location	FOB Price (USD/kg)	Prev. Price	Change	Update Date	Sentiment
Mung beans	Organic	CN	Beijing	1.50	1.47	+0.03	2025-06-10	Slightly firm
Mung beans	3.8 mm up	CN	Beijing	1.41	1.39	+0.02	2025-06-10	Steady
Kidney beans	Small, black, organic	CN	Beijing	1.52	1.53	-0.01	2025-06-10	Stable
Kidney beans	Large, white, organic	CN	Beijing	3.37	3.39	-0.02	2025-06-10	Soft
Kidney beans	Dark red, organic	CN	Beijing	2.49	2.47	+0.02	2025-06-10	Steady
Adzuki beans	Red, organic, 5.0 mm up	CN	Beijing	1.58	1.57	+0.01	2025-06-10	Flat
Adzuki beans	Red, 5.0 mm up	CN	Beijing	1.49	1.47	+0.02	2025-06-10	Flat
Kidney beans	Dark red	BR	Brasília	1.44	1.44	0.00	2025-06-06	Stable
Beans broad	Whole 12 mm	GB	London	1.32	1.32	0.00	2025-06-06	Stable

🌍 Supply & Demand

• Main Chinese producing areas: Red adzuki bean stocks are low; trades are based on cost; little downstream buying interest.
• Demand: Very quiet in China and global destinations; South Korea, Japan, and Europe are key buyers.
• Export: Strong correlation between Korean government tenders and price volatility—currently no large tenders seen.
• Global: Broader pulse markets in Brazil and the UK show few changes as local crops meet market needs with minimal disruption.

📊 Fundamentals

• Inventory: Tight for some grades in China, especially adzuki beans, but this is offset by lacklustre demand.
• Production: No major supply shocks reported; Southern hemisphere harvests proceeding without significant weather disruptions.
• Speculation: Limited, with most market participants trading for nearby needs rather than building positions.

🌦️ Weather Outlook

• China (Northeast and North): Near-average temperatures, mild rainfall; no acute dryness expected, supporting stable yields.
• Brazil: Post-harvest period; recent rains have not hurt quality, outlook neutral.
• UK: Moderate spring, sufficient moisture; upcoming planting/harvesting conditions favourable.

🗺️ Global Production & Stocks

Country	2024/25 Production est. (kt)	Stock est. (kt)	Comments
China	~1,250	Low for adzuki/mung	Inventories are tight, and low pace of exports
Brazil	1,160	Normal	Harvest ending: steady
UK	120	Normal	Domestic use dominant
Canada	280	Building	Stocks up from weak 2023/24 exports

📆 Trading Outlook & Key Insights

• Prices are likely to be sideways for most Chinese beans; adzuki may weaken locally on slow buying.
• Monitor potential Korean/Japanese import tenders for possible upside triggers.
• End users may secure deliveries for late summer but avoid speculative positions until demand revives.
• Export interest is concentrated in East Asia and Europe—significant shifts unlikely short term.
• Weather risk is minimal for now, but the market is sensitive to any adverse developments mid-season.

🔮 3-Day Regional Price Forecast

Market	Product	Price Trend	Forecast Range (USD/kg)	Driver
Beijing	Mung beans (organic)	Stable/Firm	1.49–1.52	Tight stocks, flat demand
Beijing	Kidney beans (organic)	Stable	1.50–1.54	Low inventories
Beijing	Adzuki beans (red)	Soft	1.45–1.50	Weak demand
Brasília	Kidney beans	Stable	1.43–1.46	Post-harvest, low trade
London	Beans broad, whole	Stable	1.31–1.33	Sufficient stocks