Chinese Red Kidney Beans: Exporters in Trouble

DALIAN: Exporters reported that there is a shortage of red raw materials in the UK, and prices have risen slightly recently. In terms of export, the price is not competitive. The actual transaction is relatively small, mainly due to the influence of price, the decline in purchasing power of buyers, and the slow digestion of manufacturers’ inventories. The supply of high-quality goods at the grassroots level is scarce. Quotes vary by quality of supply. Exports to the U.S. market are affected by shipping and tariffs. American customers mainly purchase from South America, and domestic British red prices are stable in the short term. Some traders cut prices to ease inventory pressure.

Standard export prices for the week were $1.570-1.590 a tonne. At present, merchants are mainly destocking. Regular UK red export orders at the port were reduced, and prices were uncompetitive. The export market demand has not been boosted, and grain merchants in the producing areas are cautious in purchasing. There is still a certain surplus of grain at the grassroots level in Shanxi production areas, but the output of raw grain is low. Prices of high-quality British red kidney beans are stable due to the limited supply of high-quality products from grain merchants. There is not much room for improvement. Follow the latest market changes.

Current Market Price in China for Dark Red Kidney Beans

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