DALIAN: Although all the 3,000 tons have won the bid this time, the winning price is not satisfactory. Today’s Korean standard price is expected to have a limited impact on the current price of organic red adzuki beans. However, the domestic wholesale market for organic red adzuki beans has been flat, and exports have not improved.
Traders consider that new grains will be available for about a month, and their replenishment mentality is becoming more cautious. Although there are not many surplus goods in the production area, if there is no obvious improvement in demand, it will be difficult for the price of adzuki beans to rise again. At present, the rains are uneven in various producing areas, and we are concerned about the actual growth of red adzuki beans in the new season. But from the October-November bidding price, the bidding customers’ prediction of the new grain price is downward. The transaction of high-priced adzuki beans may gradually slow down. Pay attention to the market changes before the launch of new products.
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 2500/mt |
| Delivery | 20 days after the contract |