Currently, the market for UK red kidney beans is seeing a scarcity of high-quality grain, driving up prices. Traders are focusing on procuring excellent quality beans, while good quality stocks remain limited. The downstream market and export demand are still strong, and as a result, prices for British red kidney beans are expected to stabilize in the short term. However, the ongoing price instability has led to cautious purchasing, with some traders opting to buy only as needed. The price difference between high and low-quality beans is also widening, and pricing will depend heavily on the quality.
Current Market Prices for Dark Red Kidney Beans in China
| Product Name | Dark Red Kidney Bean |
|---|---|
| Type | Shanxi Type |
| Size | 190-210 pcs/100g |
| Moisture | 16% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. FOB Dalian | USD 2050-2090/mt |
| Org. FOB Dalian | USD 2130-2170/mt |
| Delivery | 20 days after contract |
Conclusion
The short-term outlook for British red kidney bean prices appears stable due to strong downstream demand and a scarcity of high-quality beans. However, the price volatility in the market means that traders are cautious, with prices varying significantly based on quality.
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