Bean Field

Chinese Red Kidney Beans: Exports to the U.S. Market Are Blocked

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DALIAN: Traders reported that exports to the U.S. market were hindered by the impact of sea freight and tariffs. U.S. customers reported that they mainly sourced from South America, and domestic British red prices were stable in the short term. Traders cut prices to ease inventory pressure. Standard export prices for the week were $1.530-$1.560 a ton. 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.

Mintec Global

Current 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 1530-1560/mt
Delivery 20 days after the contract