Limited Supply and High Costs
This week in Dalian, only 13% of the beans remain with farmers in the domestic production area, leading to heightened selling psychology. Traders are finding it difficult to purchase raw grain in large quantities, resulting in generally high raw grain costs.
Weather Impact
Recent rainy and cold weather in some areas has further influenced market sentiment, driving up prices for adzuki beans. The adverse weather conditions, combined with high costs, have significantly supported the price increase this week.
Downstream Demand and Market Reactions
Demand for adzuki beans remains steady, with buyers primarily purchasing as needed. However, some regions are seeing a slight improvement in procurement volumes. The price increase in producing areas has led to a corresponding rise in prices in most selling regions.
Current Market Prices
The current market price for adzuki beans in China reflects these dynamics, with costs supported by both high production expenses and unfavorable weather conditions.
The rising prices for Adzuki beans in Dalian highlight the complex interplay between limited supply, high costs, and weather challenges. Stakeholders should closely monitor these factors to make informed decisions in the current market environment.
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1610-1640/mt – EURO 1498-1526/mt |
| Organic FOB Dalian | USD 1700-1730/mt – EURO 1582-1610/mt |
| Delivery | 25 days after signing contract |