Organic Red Kidney Bean: Sales Stalemate

DALIAN: At present, the organic red kidney bean export quotation has been suspended, and the middlemen and grain merchants have little inventory left. But prices have stabilized due to the downturn in the market. Producers and traders are waiting for new products to hit the market, with market participants reporting a marked reduction in the acreage for the new season. In the domestic market, traders with inventory were reluctant to ship at low prices, and sales got stuck in a stalemate. There are also grain merchants with larger inventories who are still reluctant to sell. Downstream merchants digest inventory, the mentality of buyers and sellers, and affect the price of red kidney beans in the later period.

The current market price in China is below：