Red Kidney Bean

Organic Red Kidney Bean: Sluggish Export Market

Mintec Global
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DALIAN: Compared with March, the inquiries from Europe have increased, but the actual number of transactions is tiny due to price and other reasons. Organic British Red prices are currently stable. In terms of export orders, shipments to Italy, the UK, the Netherlands, the Czech Republic, France and Germany were significantly reduced. The export volume is decreasing year by year. 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 red kidney beans in the UK this week range from $1.610 to $1.640 a tonne. Importers are very concerned about changes in market prices.

The current market price in China is below

Product  NameOrganic red kidney bean
TypeShanxi type
size190-210pcs/100g
Moisture16% max
Package25kg paper bag
Purity99.5%
Loading22mt /20GP
Fob Dalian/TianjinUsd 1610-1640/mt
Delivery20days after contract