Red Kidney Beans: The Epidemic Affects Production and Processing

DALIAN: Exporters’ feedback, the UK red price is high, and the market demand is reduced. Importers gradually began to buy Argentine red kidney beans, some are still waiting for the import situation. New grain production in producing areas is declining year by year, exporters are in trouble, and inventory holders are reluctant to sell at low prices. Domestic and foreign demand has yet to improve. Due to the small impact of import shock and supply, the short-term prices in producing areas are stable.

Epidemic affects markets

In December, the national epidemic prevention and control work has been lifted, and a large number of outbreaks have broken out in various places, and the number of infections has increased rapidly. The transportation industry is being locked down. Freight transportation in producing areas is more difficult. The epidemic has caused some orders not to be produced on time, resulting in a backlog of export orders. Export markets are depressed due to prices, epidemics, and the international economic environment. In the domestic market, sales of organic products fell year on year. The mentality of both buyers and sellers affects the market prices. Focus on the price changes in each producing region.

The current market price in China is organic red kidney beans

Current market price in China for dark red kidney beans

Import/Export Statistics

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