Why has the price of red kidney beans in China been rising in recent years？[swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please <a href=https://commodity-board.com/wordpress/login/>login</a> or <a href=https://commodity-board.com/wordpress/membership-join/>sign up now</a>.’]
First, at present, China’s red kidney beans can no longer meet the market demand, and a large number of red kidney beans need to be imported from South America, the United States, and Canada every year.
Second, the cost of planting for farmers has increased greatly, including the cost of packaging labor, the cost of storage, the price of seeds, all of which have increased. Third, exporters’ transportation costs, labor costs, processing costs, and so on are also increasing. The above reasons have led to the continuous rise in the price of red kidney beans in recent years. The current export price is USD 1,805 per ton. However, the exporters expect a reduction of $1,400 per ton for the new crop.
| Product Name | Dark red kidney bean |
| Type | Shanxi type |
| size | 190-210 pcs/100g |
| Moisture | 16% max |
| Package | 25 kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | USD 1750/mt |
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