Organic Red Kidney Beans Market: Effect of the Summer Season

Organic Red Kidney Beans

DALIAN: Due to the Scarce supply of organic red kidney beans export quotations have been suspended according to feedback from traders and origins. But prices were stable due to the downturn in the market. Producers and traders are looking forward to new arrivals as soon as possible, with market participants reporting a marked reduction in the acreage for the new season. In the domestic market, traders with inventory are reluctant to ship at low prices, and sales are deadlocked. There are also grain merchants with larger inventories who are still reluctant to sell and in an attitude of wait and see. Downstream merchants digest inventory, and the mentality of buyers and sellers affect the price of red kidney beans in the later period.

Red Kidney Beans

DALIAN: As the hot summer weather continues, the British red export market has entered a traditional low season for sales. The market is quiet, sales are tough, and prices are stable. Traders hope to sell inventory as soon as possible, and just need a limited amount of replenishment. Reduced demand has put producers in a bind. The new season of British Red will be available around the end of September. The red kidney bean market is expected to be bleak this month. Exporters have certain expectations for the reduction in the production of kidney beans this year. Some grain merchants are reluctant to ship at low prices, and prices will be stable in the short term.

The current market price in China for Organic Red Kidney Beans

Current Market Price in China for Dark Red Kidney Beans