DALIAN: Traders reported that there are not many remaining organic red beans, and some farmers who hold the goods are still reluctant to sell at low prices. Grain merchants are slow to add goods, and the acquisition cost is difficult to reduce. Today, most exporters offer stable prices. The red bean in the domestic wholesale market was insipid, and traders maintained small orders in the surrounding markets. Most of them intended to digest the inventory first, and the replenishment mentality was cautious.
The market trading time before the Spring Festival is less than 20 days. Since the demand has not improved, most trade manufacturers are not motivated to replenish the goods before the Spring Festival. A small number of on-demand replenishment, need to take out the goods is not enough to drive the market in the production area. However, grain merchants in the producing area are slow to deliver goods, and the quotations of grain merchants in many places may stabilize in the short term; some individual grain merchants have room for negotiation due to their intention to ship, but considering the cost of inventory, it is expected that the space for negotiation is limited.
Current Market Price in China for Organic Adzuki Bean
| Product Name | Organic Adzuki Bean |
| Type | Small |
| Moisture | 16 % max |
| Package | 25 kg PP bag |
| Purity | 99.5 % |
| Loading | 22 mt /20 GP |
| Fob Dalian | Usd 2420-2460/mt |
| Delivery | 20 days after the contract |