DALIAN: According to market research feedback, the demand for organic red kidney beans is not good, and grain merchants are not quick to sell the goods. Some people still report low prices due to profit margins. The Italian, British, Dutch and Czech markets were affected by sea freight and slowed down. Exporters reflect that export profits are meagre, mainly due to small profits but quick turnover. Prices fell slightly due to sluggish export markets. Imported products severely hit the domestic market. The US market is not as good as the European market, and the purchase volume has dropped significantly. Of course, this is related to the epidemic, and the high shipping costs hinder exports. This week, the UK’s standard export price of organic red kidney beans was $1.630-1.660 per ton. Importers are very concerned about changes in market prices.
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 1630-1660/mt |
Delivery | 20 days after contract |