Rising Demand and Scarcity Drive White Kidney Bean Prices in Yunnan, China

Rising Demand and Scarcity Drive White Kidney Bean Prices in Yunnan, China

Mintec Global
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In the heart of China’s Yunnan province, the agricultural landscape is witnessing a remarkable surge in the demand for large white kidney beans. Market participants are reporting a scarcity of these beans in the producing area, leading to a steady upward trajectory in prices.

Scarcity Spurs Price Surge

As the supply of large white kidney beans dwindles, prices continue to climb, with reports indicating that the export standard price has surpassed $3,300 per ton. This scarcity-driven price surge is further exacerbated by inventory holders hesitating to sell, thereby fueling the ongoing price hike.

Challenges in the Export Market

Despite the burgeoning prices, the export market faces challenges as buyers find it increasingly difficult to accept the elevated price points. The high prices are posing a barrier to entry for many potential buyers, thereby impacting export volumes.

Premium Prices for Organic Varieties

In a noteworthy development, organic standard exports command even higher prices, with offers exceeding $3,400 per ton. This premium reflects the growing demand for organic produce and underscores the willingness of consumers to pay a premium for quality and sustainability.

Implications for Market Dynamics

The surge in white kidney bean prices in Yunnan not only reflects the localized supply-demand dynamics but also underscores broader trends in the global agricultural market. As prices continue to rise, stakeholders are closely monitoring the evolving market dynamics and adjusting their strategies accordingly.

Navigating the Challenges Ahead

For market participants in Yunnan and beyond, navigating the challenges posed by fluctuating prices and supply constraints remains paramount. By adopting innovative approaches and leveraging emerging market trends, stakeholders can mitigate risks and capitalize on opportunities in the dynamic agricultural landscape.

The unprecedented rise in white kidney bean prices in Yunnan, China, signals a paradigm shift in market dynamics, driven by factors such as scarcity, export demand, and consumer preferences. As stakeholders adapt to these evolving dynamics, the agricultural sector is poised for continued growth and resilience in the face of challenges.

Current Market Price in China for large white kidney bean

Product  Name

Large white kidney bean

Moisture16% max
Package25kg PP bag
Loading22mt /20GP
Conv. Fob DalianUSD 3220-3250/mt – EURO 2989-3017/mt
Org.  Fob DalianUSD 3320-3350/mt – EURO 2989-3110/mt
Delivery20 days after the contract