DALIAN: Exporters reported that many imported kidney beans entered the Chinese market, and imported kidney beans severely impacted the export market. The domestic market was in a difficult situation, and prices fell slightly. Before the Spring Festival, inventory sales were mainly, and some manufacturers began to reduce prices. In addition, the export market of domestic high-quality red kidney beans was restricted, and export prices began to decline. It mainly focuses on the Italian, Dutch, British and Russian markets. Most exporters report that they are short on orders. Grain merchants in the producing area are cautious in purchasing and replenishing as needed.
The current export standard is FOB Tianjin 1.560-1.610 US dollars/ton. Traders expect British red prices to remain stable in the later period. After the Spring Festival, the shipping market is the main factor affecting the export of red kidney beans in the UK. It is recommended to pay attention to changes in the shipping market.
Current Market Price in China for Dark Red Kidney Beans
| Product Name | Dark 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 | Usd 1570-1620/mt |
| Delivery | 20 days after the contract |