Large White Kidney Beans: New Season Forecast

Large White Kidney Beans

Yunnan: According to the feedback of exporters, the demand has dropped recently, and the neighboring merchants have fewer shipments and slow transactions. For most of the new season kidney beans are growing well. Exporters are waiting for new goods to enter the market. The new shipment is expected to be delayed due to the weather conditions.

At present, the purchase price of 45 large white kidney beans in the domestic market is about $1.770- $1.810 / ton, and the purchase price of 50-55 large white kidney beans is about $1.740- US $1.760 / ton. On the export side, the euro has recovered and buyers in Spain, Britain, Poland, Belgium, the Czech Republic and Russia have started asking about new products. The good news is that ocean freight rates are down. This week’s export reference quote is stable, the price for 45 grains, FOB Tianjin is US $2.100-2.150 / ton. 

Organic Large White Kidney Beans

Yunnan: Exporters in the region say they have sold out of organic white kidney beans for 2022. The new product is expected to be on sale in November. In recent years, due to low production and high prices, export volume has declined. It is not yet possible to predict the market conditions for the new quarter. The decline in purchasing power in domestic and foreign markets has created difficulties for exporters. Domestic producers and exporters have no plans to restock.

At present, the organic raw grain purchase price has been reduced to $1.750-1.780 / ton, 45 grains /100g. At present, the price quoted by exporters has begun to decline, and export orders are significantly lower than in the same period last year. The export standard reference price is $2.210-2.250 / ton FOB Tianjin. Continue to monitor market price changes.

Current Market Price in China for Large White Kidney Beans

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