Dalian Market Awaits New Season as Red Kidney Bean Trade Ends

End of 2023/24 Season

Market participants in Dalian report that the purchase and sale of domestic supplies for the 2023/24 season have concluded. Some sales areas are currently focused on digesting existing stocks and are preparing for the arrival of the new pulse market next season.

Current Market Conditions

In the short term, the market for British red kidney beans is expected to experience stable prices but low market activity. This is due to several factors:

• The end of the domestic pulse purchasing and marketing season for British red kidney beans.
• Downstream markets are currently digesting existing stocks.
• Some areas are purchasing imported supplies at lower prices.
• Inventory levels in producing areas are low, with traders waiting for the new pulse market to begin.

Awaiting the New Season

As the current season wraps up, market participants are looking ahead to the next season’s new pulse market. The anticipation is that fresh supplies will enter the market, potentially shifting current dynamics and impacting prices.

The Dalian market is in a transitional phase as the 2023/24 season ends and preparations for the new pulse season begin. With existing stocks being digested and low inventory levels in producing areas, the market is poised for change. Stakeholders should monitor these developments closely, as the introduction of new supplies could influence pricing and market activity in the coming months. The wait for the next season’s new pulse market highlights the cyclical nature of agricultural trade and the importance of strategic planning in navigating these shifts.