Chinese Bean FOB Prices: Firm Mung and Adzuki, Mixed Kidney Moves

Mung and adzuki beans in China continue to firm into mid-October, while kidney beans show a more mixed picture with strength in white classes and softer dark red values. Tight structural supplies in Chinese beans and generally favourable harvest weather are underpinning FOB prices in Beijing. Chinese bean markets enter the second half of October with new-crop arrivals, active autumn fieldwork and a still-firm export floor. Beijing FOB quotations show modest week-on-week gains for most classes, especially mung and adzuki beans, while some conventional dark red kidney values have eased slightly. Domestic weather conditions remain mostly supportive for harvest and autumn planting across northern dry-bean provinces, with only brief rainfall interruptions forecast over the coming days. Export demand is steady but price-sensitive, and reduced kidney bean acreage in recent seasons keeps the market responsive to any shift in orders.

Prices

Compared with the indicative Beijing FOB levels published on 8 October, which showed mung beans (3.8 mm up) at 1.48 EUR and organic mung at 1.55 EUR, current quotations highlight continued firmness in conventional mung and a mild pullback in organics as premiums narrow. Kidney bean prices have generally edged higher across white and organic types, while conventional dark red values have softened, suggesting some grade-specific demand rotation.

Supply & Demand

China remains a key exporter of mung, adzuki and kidney beans, though the exportable surplus—especially for kidney beans—has structurally declined as acreage shifted to other crops. Recent market commentary points to a well-supplied domestic mung bean market from new-crop fields, while imported Uzbek mung beans face tight availability and stricter inspections, keeping import offers firm.

Export buying interest is described as cautious, with overseas customers sensitive to higher Chinese prices and willing to substitute origin where possible. This is particularly relevant for mainstream mung beans, where alternative suppliers in Myanmar, India and Thailand can influence China’s export window, even as China often commands a price premium in some markets.

Fundamentals & Weather

Structurally, Chinese kidney bean exports have dropped sharply over the last decade, leaving the FOB market more reactive to modest swings in demand and domestic stockholding. In contrast, mung and adzuki beans benefit from relatively resilient domestic demand and a diversified export base, supporting today’s firmer price tone for these classes.

The latest national agricultural weather services report, issued on 13 October, indicates mostly favourable, dry conditions for autumn harvest in major crop belts, with only localized heavier rains forecast in parts of central and eastern China over 14–16 October. For key dry-bean regions in northern China, brief showers may slow fieldwork on 16 October, but overall conditions in the next three days are rated suitable for continued harvesting, drying and transport, limiting short-term weather-related supply risk.

3–Day Trading & Price Outlook (FOB CN)

• Mung beans (3.8 mm up, 99.5%, FOB Beijing): Price momentum is moderately bullish after recent gains, supported by active domestic arrivals and firm import benchmarks. Sideways-to-slightly higher price action is likely over the next three days, assuming export inquiries remain steady.
• Mung beans organic (99.5%, FOB Beijing): The recent dip from 1.63 to 1.563 EUR points to some resistance to higher premiums. With no major weather or logistics disruptions expected, a broadly sideways range with a mild soft bias is anticipated near term.
• Kidney beans – white classes (large white and large white organic, FOB Beijing): Stronger prices reflect tighter structural supply and ongoing export interest. Short-term outlook is firm, with limited downside while harvest and drying conditions remain mostly favourable.
• Kidney beans – dark red & black (FOB Beijing): Stable-to-softer tone in conventional dark red contrasts with steady black beans. Over the next three days, prices are likely to trade in a narrow range, as buyers test lower bids but face only modest selling pressure.
• Adzuki beans (red, FOB Beijing): Both organic and conventional adzuki continue to edge higher, underpinned by good domestic demand and constrained high-quality supply. A firm to slightly higher short-term bias is expected, barring a sudden slowdown in export inquiries.