Large White Kidney Beans: Waiting for New Crop

Large White Kidney Beans

Yunnan: According to the feedback from the exporters, the exporters stopped production in stages, waiting for new products to be launched, and temporarily stopped the quotation. The export of large white kidney beans has entered a period of suspension of production and harvest, and the supply of high-quality goods is scarce and the price is stable.

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. On the export side, the exchange rate of the euro continued to fall, and export orders fell in Spain, the United Kingdom, Poland, Belgium and the Czech Republic. Compared with last year, export orders were down and unstable, and were greatly affected by shipping. The export reference quotation is stable this week, 45 grains, FOB Tianjin: 2.240-2.280 US dollars/ton.

Organic Large White Kidney Beans

YUNNAN: Exporters in the producing area reported that the organic large white kidney beans produced in 2021 have been sold out and importers are waiting for new shipments. The export volume fell sharply because export marketr was affected by shipping, the epidemic, and the fall in the exchange rate of the euro. 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 also difficult to import large white kidney beans from abroad into the domestic market. As new goods will be available at the end of October, neither domestic producers nor exporters have plans to replenish supplies for now.

The purchase price of organic raw grains has dropped to US$ 1.830/ton, 45 grains/100g. Exporters’ quotations have begun to decline, and export orders have decreased significantly compared with the same period last year. The export standard reference price is 2.330-2.360 US dollars/ton, FOB Tianjin. Continue to monitor market for price changes.

Current Market Price in China for Large White Kidney Bean