DALIAN: If there is no extreme weather, it is expected that the new season adzuki beans will be available in large quantities at the end of September or early October. As time approaches, the trading volume of old grains will gradually decrease. There are not many stocks of red beans and old grains in the domestic wholesale market. Some traders said that the new grains should be purchased in small quantities at the beginning of the market to meet market demand; some said they would formulate specific replenishment plans based on the open scale price of the new grains.
Grain merchants in the producing areas are cautious in purchasing, and most are unwilling to collect grain at a high price to increase inventory costs. Judging from the weather forecast, some production areas in Heilongjiang still rained on 20-23 this month. If there is no rush to harvest this week, the harvest time in most areas will be postponed to after September 25. Considering that there are not many Chen grains in the current production and marketing areas, Zhuo Chuang Information believes that the price of gross grains in the first week of the new grain market may remain at 5.00-6.00 yuan/kg.
If farmers are reluctant to sell at low prices and grain merchants are rushing to collect, the price may be adjusted periodically; If grain merchants are cautious in purchasing and buying as they use it, it is expected that the price of new grain will fall after a large number of new grains are listed.
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 | Usd2250/mt |
| Delivery | 25 days after signed the contract |