Large White Kidney Beans: The Market Is Full of Challenges

Large White Kidney Bean

Yunnan: According to the feedback from the exporters, the exporters stopped production in stages, and stopped quoting. The remaining stocks are mainly for domestic sales, and exporters are waiting for new shipments. It is predicted that the price of new products will be stable and the export market will be challenging. Currently, the purchase price of 45 large white kidney beans in the domestic market is about 1.910-1.950 US dollars/ton, and the purchase price of 50-55 large white kidney beans is about 1.900-1.930 US dollars/ton. In terms of export, the European market is greatly affected by the euro exchange rate and sea freight. Spain, Russia, Poland, Belgium and the Czech Republic saw a drop in export orders. Compared with last year, export orders were down and unstable, and were greatly affected by shipping. This week’s export reference quotation for 45 grains, FOB Tianjin: 2.270-2.320 US dollars/ton. Continue to monitor changes in market prices.

Organic Large White Kidney Bean

YUNNAN: The market is currently quiet and the transaction volume is small. The EU market is seriously affected by the fall in the exchange rate of the euro, and it is predicted that the export volume will drop significantly after the new goods are launched. It is currently impossible to predict the market situation in the new season. The decline in purchasing power in domestic and foreign markets has created difficulties for exporters. It is difficult for foreign large white kidney beans to be imported into the domestic market. Domestic producers and exporters have no plans to replenish inventories, waiting for new arrivals. Currently, the purchase price of organic raw grains has dropped to US$ 1.830/ton, 45 grains/100g. Exporters’ quotations are for reference only, and export orders have decreased significantly compared with the same period last year. The current export standard reference price is 2.300-2.350 US dollars/ton, FOB Tianjin. Continue to monitor market price changes.

Market Price in China for Large White Kidney Bean