DALIAN: Recently, the euro’s exchange rate has fallen seriously, resulting in a decline in the purchasing power of the European market. European buyers have responded that they expect the euro to recover as soon as possible.
The decline in purchasing power has led to a drop in the price of export standard organic British red, which is around $20-40 per ton. Demand in the foreign trade market weakened. The export volume is reduced, and it is difficult for exporters to survive. Export orders are mainly sent to Italy, the UK, the Netherlands, the Czech Republic and France. 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 have been severely impacted by imported products. The US market is not as good as the European market, and purchases have 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 $1.600 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 1600-1630/mt |
| Delivery | 20days after contract |