Black Bean Sowing Nears Completion in Northeast China
As the black bean sowing season in Northeast China comes to an end, there are notable regional differences in planting areas. Heilongjiang has seen an increase in sowing area compared to the previous year, while Inner Mongolia has experienced a decrease. This variation in planting trends is expected to influence market dynamics.
Limited Residual Grain Supports Prices
Currently, the residual grain at the grassroots level in production areas is limited, which helps to support prices. Despite this support, market activity remains sluggish, making it challenging for prices to rise significantly.
Market Insights and Price Stability
According to Zhuochuang Information, black bean prices are expected to remain stable in the short term. The combination of increased sowing in Heilongjiang, decreased sowing in Inner Mongolia, and limited residual grain supplies suggest a balance between supply and demand that will maintain price stability.
Factors Influencing Black Bean Prices
Several factors could determine whether black bean prices will rise, remain stable, or fall in the near future:
Sowing Area Changes: The increase in sowing area in Heilongjiang and the decrease in Inner Mongolia will impact overall supply, potentially stabilizing prices.
Residual Grain Supplies: Limited residual grain supports current prices but may prevent significant price increases.
Market Activity: Slow market activity indicates that any price changes will likely be gradual rather than abrupt.
Weather Conditions: Favorable or unfavorable weather conditions during the growing season will influence crop yields and, consequently, prices.
Demand Dynamics: Changes in demand, both domestic and international, will also play a crucial role in price movements.
Monitoring these factors will be essential for predicting future trends in black bean prices.
Product Name |
Chinese Black Kidney Bean |
| Type | Small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 1260-1290/mt – EURO 1165-1192/mt |
| Org. Fob Dalian | USD 1330-1360/mt – EURO1229-1257/mt |
| Delivery | 20 days after the contract |