Why Chinese Black Kidney Beans Price Remains High?

Prices Are Unlikely to Rise for Organic Black Kidney Beans

Mintec Global
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DALIAN: The organic black kidney bean market is better than regular black kidney beans. Export orders were stable, mainly concentrated in Japan, Taiwan, and the US and Southeast Asian markets. Most exporters in the production area have few organic black kidney bean orders, and exports are on a downward trend. It is predicted that there is no room for price increases in the later period. However, the supply of goods at the grassroots level in the production area is limited, and it is difficult for grain merchants to purchase. Most grain merchants have stable quotations and are reluctant to sell at low prices. But some grain merchants ship at low prices.

Zhuochuang Information believes that it is difficult for the price to rise in the short term from the current market situation of black kidney beans. If most grain merchants are unwilling to sell at low prices, it may support prices to a certain extent. Please pay attention to the mentality of grain merchants in the producing area.

Current Market Price in China for Organic Black Kidney Bean

Product  NameOrganic Black Kidney Bean
TypeSmall
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Fob DalianUsd 1370-1400/mt
Delivery20 days after the contract