DALIAN: Market participants predict that in the new season of 2022, the acreage of red beans in the UK is expected to be significantly reduced when traders start to stock up, which causes the price of red kidney beans to start to rise. In the export market, port orders are reduced, importers are waiting for new goods to be launched, sea freight rates remain high, and prices are not competitive. Producers cleared their inventories, buyers’ purchasing power declined, and producers’ inventories were digested slowly. Standard export prices for the week were $1.600-1.650 a tonne. Producers in the production area are cautious in purchasing and replenishing a small amount according to demand. Prices for high-quality British red kidney beans remain high. However, the price upside is limited due to weak demand. Follow the latest market changes.
Market Price in China for Dark Red Kidney Beans
| Product Name | Dark red kidney bean |
| Type | Shanxi type |
| size | 190-210pcs/100g |
| Moisture | 16% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1.590-1.620/mt |
| Delivery | 20 days after the contract |