DALIAN: With the arrival of the Spring Festival, traders in production and sales areas have a holiday. Grain merchants in individual production areas have orders, which will be processed on demand and shipped according to the agreed time. Before the holiday, the purchase and sale of the black kidney bean market stagnated one after another, and we should pay attention to the rhythm of downstream replenishment after the holiday.
Due to the shortage of surplus grain at the grassroots level, if the market concentrates on replenishment after the festival, it may benefit the price of black kidney beans. Merchants in the sales area digest inventory or just need to replenish, which is difficult to drive up the price of black kidney beans. Zhuochuang Information predicts that the price of black kidney beans will be stable and moderately weakened during the Spring Festival. Pay attention to the procurement situation in the downstream market after the Spring Festival.
Current Market Price in China for Black kidney bean
| Product Name | Chinese Black Kidney Bean |
| Type | Small |
| Moisture | 16 % max |
| Package | 25 kg PP bag |
| Purity | 99.5 % |
| Loading | 22 mt / 20GP |
| Fob Dalian | Usd 1290-1330/mt |
| Delivery | 20 days after the contract |