DALIAN: The production area’s acreage of organic black kidney beans decreased in 2022, and prices rose slightly this week. Some traders intend to stock up on goods. The sales of organic black kidney beans in the domestic wholesale market are not good. The number of transactions in many places has decreased, and merchants have gone to stock or just need to purchase. Since the supply of primary sources in the production area is lower than in the same period in previous years. The grain merchants with large stocks in the production area have the intention to raise prices, and some grain merchants with small stocks ship with them. Pay attention to downstream market procurement and the mentality of grain merchants in the production area, which will affect the price of organic black kidney beans.
In terms of exports, the demand in the US market and the Mexican market has been greatly reduced, making it difficult to trade at high prices. Changes in market acceptance and grain merchants’ mentality will affect the price of organic black kidney beans in the later period.
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 |