YUNNAN: According to market research feedback, the price of organic large white kidney beans has fallen severely due to the recent impact of the Russian market, resulting in a decrease in inquiries and a downturn in the market. Traders and exporters restocked less. In the early period of the Spring Festival, there was a backlog of inventory, and some manufacturers had excess inventory.
On the export side, ocean freight rates fell. The purchase price of raw grains dropped to US$ 1.900/ton, 45 grains/100g. To avoid the backlog, manufacturers know that the inventory is the main one, and they don’t dare to stock up. Export standard, 45 grit is quoted at $2.380-2.410 per ton. Exporters’ quotations are stable at present, and export orders have decreased compared with the same period last year. The current standard export price is US$ 2.480-2.510/ton, FOB Tianjin. Continue to monitor market price changes.
Price in China for Organic Large White Kidney Bean
| Product Name | Organic Large White Kidney Bean |
| Size | 45pcs/100g |
| Fob Dalian | Usd 2480-2510/mt |
| Package | 25 kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Moisture | 16% max |
| Delivery | 20 days after the contract |