Subsidy policy causes prices for kidney beans to rises

Kidney beans in China are mainly grown in the high and cold regions of Northeast China, North China, Northwest China, and Southwest China. [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’]

Heilongjiang and Inner Mongolia in northeast China are the main kidney bean growing areas in China. Both regions account for more than 60 % of the country’s cultivated area and production. More than 80 % of the country’s exports come from these regions.

In the case of black kidney beans, the area under cultivation has been greatly reduced in recent years. The government’s subsidy policy encouraged farmers to grow more maize and soya. As a result, kidney bean prices are rising more than $600/mt year on year to the current $1280/mt. Currently, the market is relatively stable as export demand is still very low.

Current Market Price in China for Black kidney bean

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