DALIAN: Recently, the euro’s exchange rate has fallen sharply, resulting in increased procurement costs. The decline in purchasing power has led to a drop in the price of export standard organic British red. Demand in the European market weakened. Exports have decreased, resulting in a backlog of exporters’ inventories. Export orders are mainly to Italy, the UK, the Netherlands, the Czech Republic and France. Orders in the export market lack continuity, and exporters’ replenishment is not active. The domestic market has a backlog of imported British red stocks, which imported products have severely impacted. The US market is not as good as the European market, and the purchase volume has dropped significantly. Of course, this is related to the epidemic, and high shipping costs hinder exports. Standard export prices for organic British red kidney beans this week range from $1.590 to $1.630 a tonne. 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 | 190-210pcs/100g |
| Moisture | 16% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian/Tianjin | Usd 1590-1630/mt |
| Delivery | 20days after contract |