Chinese Red Kidney Beans: Price Increase is Not Being Expected

DALIAN: As the Spring Festival is approaching, downstream inquiries and procurement are limited, cold processing is difficult, and some grain merchants have already been on holiday. British red kidney beans are slow to sell in the domestic market, and they are mainly based on destocking. The port export orders are limited, and the replenishment of food factories is about to end. Demand has not been boosted, and traders and grain merchants in production 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. Due to the limited supply of high-quality goods from grain merchants, it is expected that the price of high-quality canned British red kidney beans will remain high, and it is unlikely that the export market price will rise. Continue to pay attention to post-holiday market changes.

Current Market Price in China for Dark Red Kidney Beans