DALIAN: At present, most of the domestic production areas have little supply of black kidney beans at the grassroots level, and the stock of middlemen and grain vendors is less than the same period last year. Some producers consider the difficulty of rising prices in the later period, and are now shipping with them. There are also grain merchants with large stocks who are still reluctant to sell and have wait and see attitude. It is predicted that there will be a serious reduction in production of new products. Downstream merchants will digest inventory, or just need to purchase. Mentality of buyers and sellers will affect the price of black beans in the later period.
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 |
Fob Dalian | Usd 1290-1330/mt |
Delivery | 20 days after the contract |