DALIAN: Market participants reported that the organic red kidney bean market was affected by demand, and the price per ton fell by 30-35 US dollars compared with December, and port shipments were slow. The Italian, British, Dutch and Czech markets were affected by the shipping market and the Spring Festival, and the import volume declined, which is expected to recover after the Spring Festival. Due to the sluggish export market, exporters have no intention to replenish goods before the holiday. The purchase volume in the European and American markets has dropped significantly. The domestic market was severely hit by imported products. Of course, this is related to the epidemic, and high shipping costs hinder exports. Standard export prices for organic red kidney beans in the UK ranged from $1,600-$1,630 a tonne this week. Importers are very concerned about changes in market prices.
The current market price in China is below:
Product Name | Organic Red Kidney Bean |
Type | Shanxi Type |
Size | 190-210 pcs / 100 g |
Moisture | 16 % max |
Package | 25 kg paper bag |
Purity | 99.5 % |
Loading | 22 mt / 20 GP |
Fob Dalian/Tianjin | Usd 1600-1630 / mt |
Delivery | 20 days after the contract |