China Beans Market Analysis: Firm Prices Amid Tight Supply and Robust Demand

China Beans Market Analysis: Firm Prices Amid Tight Supply and Robust Demand

The Chinese bean market remains resilient, with prices demonstrating notable firmness despite limited market activity. Recent weeks have seen a strengthening of price-supporting factors, particularly in the red adzuki bean segment, where traders are increasingly holding out for higher prices and farmers are reluctant to sell at current levels. This has led to an uptick in local quotations, even as downstream demand is largely driven by just-in-time purchasing strategies.

The overall cost of raw beans remains elevated, providing a solid floor for prices. Market participants are closely watching developments in export standards—especially Korean requirements—which could further influence price trends in the near term. With cost, demand, and trade policy all playing a role, the outlook for beans, especially adzuki and kidney beans, is for continued price strength.

Weather conditions in key Chinese growing regions have generally been favourable, but any shift, such as excessive rainfall or drought, could quickly tighten supplies further. Global market comparisons show Chinese beans trading at a premium to some international origins, underlining the domestic market’s unique supply-demand dynamics. As the market looks ahead, both exporters and buyers should be prepared for ongoing volatility and potential further price increases.

📈 Prices

Product	Type	Origin	Location	Organic	FOB Price (USD/kg)	Prev. Price	Weekly Change	Sentiment
Mung beans	organic	CN	Beijing	Yes	1.45	1.46	-0.01	Neutral
Mung beans	3.8 mm up	CN	Beijing	No	1.36	1.37	-0.01	Neutral
Kidney beans	small, black, organic	CN	Beijing	Yes	1.53	1.52	+0.01	Firm
Kidney beans	Large, white, organic	CN	Beijing	Yes	3.42	3.41	+0.01	Firm
Adzuki beans	red, organic, 5.0 mm up	CN	Beijing	Yes	1.55	1.54	+0.01	Bullish
Adzuki beans	red, 5.0 mm up	CN	Beijing	No	1.48	1.47	+0.01	Bullish

🌍 Supply & Demand

• Farmers in China are holding out for higher prices, limiting supply in the spot market.
• Traders are showing increased confidence, further supporting prices.
• End-user demand remains steady but is mainly based on immediate needs, with little forward buying.
• Export demand remains sensitive to Korean standards, which could impact future trade flows.
• Global comparison: Chinese beans are priced above Brazilian and UK-origin beans, supporting China’s export competitiveness but limiting import interest.

📊 Fundamentals

• High raw material costs continue to underpin the market, with little sign of easing in the short term.
• Inventory levels remain tight, especially for premium grades and organic beans.
• Speculative activity is subdued, with most participants focused on physical market fundamentals.
• Key market focus: Korean import standards and potential changes in China’s export policy.

🌦️ Weather Outlook

• Recent weather in key Chinese bean-producing regions has been generally favourable, supporting crop development.
• Short-term forecasts indicate normal to above-normal rainfall, which could support yields but also raises the risk of localised flooding.
• Watch for any abrupt weather changes—prolonged wet or dry spells could quickly tighten supply and further boost prices.

🌐 Global Production & Stocks

Country	Product	FOB Price (USD/kg)	Stock/Supply Trend
China	Kidney beans, Adzuki beans, Mung beans	1.36 – 3.42	Tight, firm
Brazil	Kidney beans, Alubia beans	1.40 – 1.46	Stable
UK	Kidney beans, Fava beans, Broad beans	0.99 – 1.64	Stable

📌 Market Drivers

• Firm farmer holding and high raw material costs in China.
• Steady demand from domestic and export markets, especially Korea.
• Weather risk remains a key watchpoint for the coming weeks.
• Potential for export policy changes or shifts in Korean standards.

📆 Trading Outlook & Recommendations

• Producers: Maintain a firm stance on offers; consider gradual sales to capture potential further gains.
• Exporters: Monitor Korean standards closely; secure supply contracts where possible.
• Buyers: Consider covering near-term needs promptly; the market is likely to remain firm.
• Traders: Watch for any weather disruptions or policy changes as potential catalysts for price moves.

⏳ 3-Day Regional Price Forecast

Product	Location	Current Price (USD/kg)	Forecast Range (USD/kg)	Trend
Mung beans (organic)	Beijing, CN	1.45	1.45 – 1.47	Stable to Firm
Kidney beans (small, black, organic)	Beijing, CN	1.53	1.53 – 1.55	Firm
Adzuki beans (red, organic)	Beijing, CN	1.55	1.55 – 1.57	Bullish