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Chinese Organic Red Kidney Bean: Export Quotations Fall

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DALIAN: According to market research feedback, the organic red kidney bean market has been affected by demand, and the price per ton has dropped by 30 cents compared with December, and grain merchants are not fast in shipping. The Italian, British, Dutch and Czech markets were affected by the shipping market and the Chinese New Year, and the import volume fell, and it is expected to recover after the Chinese New Year. Due to the sluggish export market, exporters are currently suspending replenishment. The domestic market was severely hit by imported products. The US market is not as good as the European market, and purchases have dropped significantly. Of course, this is related to the epidemic, and high shipping costs hinder exports. This week, the standard export price of organic red kidney beans in the UK was $1,600-1,630 per ton. Importers are very concerned about changes in market prices.

Mintec Global

The current market price in China is below

Product  Name Organic Red Kidney Bean
Type Shanxi Type
Size 190-210 pcs/100 g
Moisture 16 % max
Package 25 kg paper bag
Purity 99.5 %
Loading 22 mt /20 GP
Fob Dalian/Tianjin Usd 1600-1630/mt
Delivery 20 days after contract