Chinese Red Kidney Beans: Prices on the Rise

Red Kidney Beans

DALIAN: The domestic British red has been listed one after another. Market participants and producers reported higher prices. Traders and producers expect prices to stabilize or fall slightly in October due to a sluggish market in the past two years. It will be tough to run exports if prices remain high. At present, foreign importers are mainly inquiring, and the number of transactions is small, and they will purchase after the price is stable. Reduced demand has put producers in a bind. Manufacturers and traders replenish inventories in small amounts according to demand to meet production needs. Exporters have certain expectations for a reduction in kidney bean production this year. Currently, the price is running at a high level. Grain merchants are reluctant to ship at low prices, and prices will be stable in the short term. Continue to monitor market price and exchange rate changes.

Organic Red Kidney Beans

DALIAN: Organic red kidney beans are entering the market one after another. Buyers from the Netherlands, the Czech Republic, Italy, the United Kingdom and France have made inquiries. But there are few transactions at present, mainly because the price exceeds expectations and the instability of the prices. Buyers wait for the price to stabilize before purchasing. Most exporters have sold out of their organic British Red stock, and middlemen are also out of stock. Producers and traders are currently preparing for new purchases. In the domestic market, traders with inventory are reluctant to ship at low prices, and sales are deadlocked. There are also grain merchants with larger inventories who are still reluctant to sell. The mentality of buyers and sellers will affect the price of red kidney beans in the later period.

Current Market Price in China for Dark Red Kidney Beans