DALIAN: This week, exporters reported that there was a shortage of organic black kidney beans from grain merchants in the producing area, and prices were slightly firmer. Market participants predict that the sown area will be further reduced in 2022. Affected by the national government, the number of farmers planting corn and soybeans in Northeast China has increased, and the remaining grain is less than in the same period in previous years. It will take time for new grains to be launched, and there is no downward trend. In terms of exports, the demand in the US market has been greatly reduced, making it difficult to trade at high prices. The weather is hot in summer, in the off-season, and the quotation is basically stable. The downstream market can accept high prices, and grain merchants’ quotations may rise further. Note that the market accepts changes in the mentality of Chengdu and grain merchants, which will affect the price of organic black kidney beans in the later stage.
Current Market Price in China for Organic Black Kidney Bean
| Product Name | Organic black kidney bean |
| Type | small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1350-1390/mt |
| Delivery | 20 days after the contract |