Scarcity of Supplies Keeps Prices Elevated
Recent feedback from market participants indicates that the prices for large white kidney beans remain high due to the scarcity of supplies in producing areas. This scarcity is driven by several factors, including strong domestic market demand and the timing of the new harvest.
Domestic Market Demand
The domestic market demand continues to support the high prices for large white kidney beans. With limited supplies available, buyers within the country are willing to pay a premium to secure the beans they need, further driving up prices.
New Harvest Timin
The next harvest of large white kidney beans is not expected until November. This extended wait time means that current supplies must last for several more months, contributing to the sustained high prices.
Impact on Export Market
The continued high prices have made it difficult for foreign buyers to accept current offers. Export-quality large white kidney beans are being offered at prices exceeding $3470 per tonne. This price point is proving challenging for international buyers, potentially limiting export opportunities.
Price Outlook
In the short term, prices for large white kidney beans are predicted to remain high. Given the current supply constraints and the ongoing strong demand, a significant decline in prices is unlikely until the new harvest begins in November.
The scarcity of large white kidney bean supplies has led to sustained high prices, supported by strong domestic demand and the distant timing of the next harvest. These high prices are challenging for foreign buyers, suggesting that export activities may slow down in the coming months.
Product Name |
Large White Kidney Bean |
| Size | 40-60pcs/100g |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 3450-3480/mt – EURO 3212-3240/mt |
| Org. Fob Dalian | USD 3520-3550/mt – EURO 3277-3350/mt |
| Delivery | 20 days after the contract |