Chinese Red Kidney Beans: Weather Affect and Production Reduction

DALIAN: This week, the export market of red kidney beans was slow, and traders mainly digested the inventory, and the replenishment volume was limited. Producers and traders hold quantitative inventories at the stage of finalizing the surplus grain at the grassroots level in the production area. Affected by the weather, the low-altitude kidney beans in the production area are not growing well. It is expected that the supply of goods will be limited this month, and the growth in high-altitude areas is relatively good. There is a certain expectation of production reduction this year, and some grain merchants have no willingness to ship at low prices, which will support prices in the short term.

Current Market Price in China for Dark Red Kidney Beans