Chinese Adzuki Beans: Forecast Price Stability for the Festival Season

Chinese Adzuki Beans: Not Enough Demand, Prices are Dropping

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Adzuki Beans

DALIAN: The market is sluggish, downstream traders maintain small orders from surrounding merchants. The price has dropped significantly, and traders who have the need for replenishment tend to lower the price when buying goods, and the buying volume is low. The grain merchants in the production area have general orders, the red bean export is not fast, and the overall transaction volume is small. If demand does not improve, it will be difficult to boost the price of red beans in the short term.

Organic Adzuki Beans

Mintec Global

DALIAN: There is no sign of improvement in the market demand for organic red adzuki beans. There are low-priced sources for sale in the market, and traders with low inventories tend to lower prices when buying goods. As there are still some low-priced adzuki beans in the production area, it is difficult to trade high-priced organic adzuki beans. Recently, individual grain merchants in the production area are still acquiring, and pay attention to their acquisition trends. In addition, most of the Northeast producing areas of the new season red adzuki beans have entered the drumming stage, and pay attention to the later growth.

Current Market Price in China for organic adzuki bean

Product  Name Organic adzuki beans Chinese adzuki beans
Type small 5.0mm up
Moisture 16% max 14.5% max
Package 25kg PP bag 25kg paper bag
Purity 99.5% 99.95%
Loading 22mt /20GP
Fob Dalian Usd 2390-2430/mt Usd1950-2000/mt
Delivery 20  days after signing the contract 25 days after signing the contract