Large White Kidney Beans: Planting Completed and Growing Well

Yunnan: According to market participants’ feedback, the supply of large domestic white kidney beans is scarce, and the price is stable. The large white kidney beans export is about to enter the shutdown period, and traders will replenish as needed. Grain merchants have low spot stocks and stable quotations. The early-sown large white kidney beans have begun to climb the poles and are growing well; the planting in the production area is basically completed. Currently, the purchase price of 45 large white kidney beans in the domestic market is about 1.930-1.960 US dollars/ton, and the purchase price of 50-55 large white kidney beans is about 1.910-1.940 US dollars/ton. In terms of exports, the European market was affected by the euro exchange rate, and export orders from Germany, Spain, the United Kingdom, Poland, Belgium and the Czech Republic fell. Compared with last year, export orders were down and unstable, which was greatly affected by the shipping market. The export reference quotation is stable this week, 45 grains, FOB Tianjin: 2.300-2.350 US dollars/ton. Continue to monitor changes in market prices.

Current Market Price in China for Large White Kidney Bean