DALIAN: The grain surplus at the grassroots level in the production areas has decreased, and some grain traders and merchants have a small amount of inventory, with individual stocks exceeding 1.000 tons. Since grain merchants in the producing area are mainly on the sidelines, low-priced organic red bean is limited in short-term circulation. The inventory of organic red beans in the domestic wholesale market is not large, and traders generally maintain quantitative inventory and replenish it as needed. The farmers and grain vendors who hold the goods are firm in their asking prices, and the purchase cost of grain merchants is difficult to reduce. Wholesale market traders replenish goods on demand, and most of them still resist receiving goods at high prices.
Current Market Price in China for Organic Adzuki Bean
Product Name | Organic adzuki bean |
Type | Small |
Moisture | 16% max |
Package | 25kg PP bag |
Purity | 99.5% |
Loading | 22mt /20GP |
Fob Dalian | Usd 2320-2350/mt |
Delivery | 20 days after the contract |