Are Black Bean Prices Bottoming Out in China?

Are Black Bean Prices Bottoming Out in China?

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DALIAN: This week, black bean prices have fallen to varying degrees in all production regions of China. Prices are currently at their lowest level in nearly five years. Although traders have old grain stocks, they have started to restock according to demand. They are following the new grain prices.

Pay attention to the mentality of buyers and sellers, if the market sees a significant rise in prices, farmers will be willing to sell.

Mintec Global

Current Market Price in China for Black Kidney Bean

Product  Name Chinese Black Kidney Bean
Type Small
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Conv. Fob Dalian USD 980-1010/mt
Org.  Fob Dalian USD 1070-1100/mt
Delivery 20 days after the contract

 

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