Seed Purchases Drive Initial Price Increase
In the early days, farmers’ demand for seeds pushed up the price of raw grains. However, with seed sales now largely concluded, the market is not seeing significant improvement, making it difficult for prices to continue rising.
Limited Grain Supply at the Grassroots Level
The supply of black kidney beans at the grassroots level in producing areas is low. This scarcity makes it challenging for grain merchants to acquire stock, which temporarily supports the current prices. Zhuochuang Information forecasts a short-term support for prices due to limited residual grain at the grassroots level.
Monitoring Late Black Bean Sowing Areas
The actual sowing area for late black beans will be crucial in determining future price trends. Any significant changes in sowing practices could impact the supply and, consequently, the pricing of black kidney beans.
Current Market Price in China
The current market price for black kidney beans in China reflects these supply challenges and the farmers’ initial rush to purchase seeds. With limited grain available, prices are temporarily supported.
Factors Influencing Future Prices
Several factors will play a key role in determining whether the prices of black kidney beans will rise, remain stable, or fall in the coming months:
- Residual Grain Supply: The limited residual grain at the grassroots level is currently supporting prices.
- Actual Sowing Area: The extent of late black bean sowing will significantly influence future supply and pricing.
- Merchant Stock Levels: Grain merchants’ ability to secure stock amidst low supply will impact market stability.
- Market Demand: Changes in demand for black kidney beans could also affect price trends.
Monitoring these factors will be essential for predicting the future market dynamics of black kidney beans in China.
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 1160-1187/mt |
| Org. Fob Dalian | USD 1330-1360/mt – EURO 1224-1252/mt |
| Delivery | 20 days after the contract |