Scarce Supplies in Production Areas
Currently, the production area for black beans in Dalian is limited. Most Heijiang grain merchants have depleted their inventory, and there are no supplies at the grassroots level. As a result, most grain merchants have stopped collecting black beans. Supplies from other areas are also scarce, which provides some price support for black beans.
Reduced Demand Due to Rising Temperatures
With the rising temperatures, the demand for beans has decreased. Businessmen are purchasing based on immediate needs, which makes it difficult for prices to rise further. The market remains slow as a result of this decreased demand.
Price Stability Expected
According to Zhuochuang information, black bean prices are expected to remain stable in the short term. Market participants should pay attention to the late growth and development of the bean crops, as this will influence future supply and pricing dynamics.
The market in Dalian is currently characterized by limited supplies and stabilized prices. With rising temperatures reducing demand, the market remains sluggish. However, the scarcity of supplies has provided some support for prices. Stakeholders should monitor the growth and development of black bean crops closely to anticipate any potential changes in the market. This period of stability offers a chance to strategize for future market movements as the season progresses.
Product Name |
Chinese Black kidney bean |
| Type | Small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 1240-1270/mt – EURO 1147-1175/mt |
| Org. Fob Dalian | USD 1320-1350/mt – EURO 1221-1249/mt |
| Delivery | 20 days after the contract |