Organic Adzuki beans: Prices are firm, but the upward trend is limited

Mintec Global
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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.

Adzuki beans Price Chart

Current Market Price in China for organic adzuki bean

Product NameOrganic adzuki bean
Typesmall
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Fob DalianUsd 2500/mt
Delivery20 days after the contract

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