Organic Large White Kidney Bean: Serious Shortage?

YUNNAN: Exporters in the producing area reported a serious shortage of high-quality organic large white kidney beans in the market, but due to the sluggish export and domestic market, the price declined. The main export market is the European market, and the market price is difficult for customers to accept, mainly in LCL and small orders. Restocking by producers and exporters is reduced. The good news is that ocean freight rates are now falling further, which is good for export markets. The purchase price of organic raw grains fell to 1.870 US dollars/ton, 45 grains / 100 grams. As summer is approaching, manufacturers dare not stock up to avoid backlogs. Exporters’ quotations have begun to decline, and export orders have decreased significantly compared with the same period last year. The current standard export price is US$2.350-2.380/ton, FOB Tianjin. Continue to monitor market price changes.

Price in China for Organic large white kidney bean

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