Inventory Levels Support Prices
In the coming weeks, the prices for red small beans are expected to remain stable. This forecast is based on several key factors influencing the market dynamics.
Traders Focus on Inventory Management
Traders in the producing areas are primarily focused on digesting existing inventory. The prices are currently supported by the cost of maintaining these inventories. Despite some traders offering lower prices to stimulate sales, the overall inventory levels have declined year-on-year, providing a floor for prices.
Downstream Market Adjustments
In the downstream market, inventory digestion is also ongoing. Purchases are being made on an as-needed basis, and sales prices are being adjusted in response to the procurement prices. This responsive pricing strategy helps maintain stability in the market.
Cost Factors in Producing Areas
The cost of maintaining inventory in the red small bean producing areas continues to support current price levels. Although the overall inventory has decreased compared to the previous year, this reduction helps stabilize prices, preventing significant fluctuations.
The stability in red small bean prices reflects a balanced approach by traders and buyers in managing inventory and adjusting prices. As long as the current conditions persist, prices are likely to remain steady, benefiting both producers and consumers.
Product Name |
Chinese Adzuki Beans |
|
Size |
5.0mm up |
|
Purity |
99.95% |
|
Moisture |
14.5% max |
|
Package |
25kg paper bag |
|
Conventional FOB Dalian |
USD 1590-1620/mt – EURO 1480-1508/mt |
|
Organic FOB Dalian |
USD 1680-1710/mt – EURO 1564-1592/mt |
|
Delivery |
25 days after signing contract |