Scarcity in Production Areas
Currently, there is a notable scarcity in the production areas, leading to tight market inventory. The demand for seeds and export continues to support prices for UK red kidney beans, making it challenging for prices to decrease.
Mixed Response from Downstream Traders
Downstream sales area traders are exhibiting a mixed response, with some adopting a wait-and-see approach while others are making purchases based on demand. This variability in behavior is reflective of market dynamics.
Limited Domestic Market Demand
Despite efforts to stimulate domestic market demand, it remains limited, exerting minimal influence on overall market conditions. In contrast, the export market is experiencing scarcity, further contributing to the stability of prices.
As production areas grapple with scarcity and downstream traders navigate market conditions, the high prices of red kidney beans persist in Dalian, with little indication of a significant downturn in the near future.
Current Market Price in China for dark red kidney beans
Product Name |
Dark red kidney bean |
| Type | Shanxi type |
| size | 190-210pcs/100g |
| Moisture | 16% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 2270-2300/mt – EURO 2124-2152/mt |
| Org. Fob Dalian | USD 2350-2380/mt -EURO 2199-2227/mt |
| Delivery | 20 Days after the contract |