Rainfall Slows Large White Kidney Bean Sales in Yunnan

Weather Impact on Sales

This week’s nationwide rainfall has significantly slowed the sales of large white kidney beans in Yunnan, according to feedback from exporters. The hot summer weather has made sales difficult, and many traders and buyers are waiting for new shipments.

Supply Scarcity and High Prices

The scarcity of supplies has kept the prices of large white kidney beans high in the production areas. Traders are eager for foreign raw materials to enter China to help meet demand. Despite the slow sales, domestic market demand continues to support the high prices, with new goods expected to be harvested in November.

Export Market and Quality Standards

The export quality standard for large white kidney beans is quoted at more than $3,480 per tonne. This price is not expected to fall in the short term due to the limited supply and ongoing high demand.

Market Dynamics

The current market price for large white kidney beans in China remains elevated due to the scarcity of supplies and the impact of adverse weather conditions. As traders and buyers await new cargoes, the market dynamics are influenced by both domestic demand and the availability of foreign raw materials.

The current situation underscores the challenges faced by the agricultural sector in balancing supply and demand amidst unpredictable weather patterns. As Yunnan’s large white kidney bean market navigates these conditions, strategic planning and timely import of raw materials will be crucial to stabilizing prices and meeting market needs.