Chinese Adzuki Beans: Forecast Price Stability for the Festival Season

Chinese Organic Adzuki Beans:  Decrease in Orders as the Spring Festival Approaches

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DALIAN: Organic adzuki bean producers are affected by the South Korean tender, and some farmers and grain vendors intend to ship, but they are not very willing to sell at low prices. Grain merchants have different purchasing attitudes, most of them stop harvesting, and a few buy at low prices. As the Spring Festival is approaching next week, grain merchants will be on holiday one after another, and the phenomenon of market quotations and shipments will decrease. Terminal purchasing power is not good, exporters are cautious in replenishment, and most exporters intend to digest inventory first.

Mintec Global

Current Market Price in China for Organic Adzuki Bean

Product  Name Organic Adzuki Bean
Type Small
Moisture 16 % max
Package 25 kg PP bag
Purity 99.5 %
Loading 22 mt /20 GP
Fob Dalian Usd 2430-2470/mt
Delivery 20  days after the contract