Chinese Adzuki Beans: Forecast Price Stability for the Festival Season

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

Mintec Global
Spread the news!

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.

Current Market Price in China for Organic Adzuki Bean

Product  NameOrganic Adzuki Bean
TypeSmall
Moisture16 % max
Package25 kg PP bag
Purity99.5 %
Loading22 mt /20 GP
Fob DalianUsd 2430-2470/mt
Delivery20  days after the contract

Author