DALIAN: Prices edged up this week after exporters reported shortages of organic black kidney beans from grain merchants in growing regions. Market participants predict that the sown area will be further reduced in 2022. The area of other white kidney beans, British Red, also decreased further. The area planted with corn and soybeans in the Northeast has increased, and it will take some time for new grains to come into the market. At present, there is no downward trend in prices. In terms of exports, the demand in the US market has been greatly reduced, making it difficult to trade at high prices. In summer, the weather is hot, the market is sluggish, and quotations are stable. It is difficult for the downstream market to accept high prices. The market accepts the change 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 |
