Current Export Prices
This week, the export reference price for canned standard British red kidney beans remains stable at USD 2340-2370 per tonne, unchanged from the previous working day. This price stability comes despite the scarcity of supplies in the production areas.
Scarce Supplies in Production Areas
The season for grain purchases and sales is coming to an end, with only a few manufacturers holding small inventories. These remaining stocks are being sold at low prices. The scarcity of supplies is evident as most production areas have already depleted their stocks.
On-Demand Procurement
In the downstream sales areas, traders are procuring based on demand, reflecting a cautious approach to purchasing. The domestic market demand is primarily driven by purchase and sale activities, maintaining a balance between supply and demand.
Expansion of Planting Areas
Looking ahead, the planting area for British red kidney beans in the 2024 season is expected to expand year-on-year. This expansion is anticipated to boost production and recover capacity, ensuring a more stable supply in the future.
The current stability in the export prices of British red kidney beans highlights the delicate balance between supply and demand. As the season for purchases and sales concludes, the market is navigating through limited inventories. The expected expansion in planting areas for the next season is a positive development that could enhance production and stabilize the market. Stakeholders should keep an eye on planting and production trends to make informed decisions in this evolving market scenario.
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 2340-2370/mt – EURO 2164-2192/mt |
| Org. Fob Dalian | USD 2410-2440/mt – EURO 2229-2257/mt |
| Delivery | 20 Days after the contract |