DALIAN: Today, the price of organic red adzuki beans in the production areas is mainly stable. Due to limited logistics and transportation in some production areas, it is difficult for grain merchants to load vehicles. The red bean in the domestic wholesale market is not sold well, and traders just need to replenish the goods. There is still a small amount of surplus grain at the grassroots level in the production area, and some farmers are selling grain along with them near the spring sowing. The purchasing power of the terminal is average, and the demand for red beans in the domestic wholesale market has not improved significantly for the time being.
Since it is difficult to form a centralized and large-scale replenishment downstream, the domestic demand has a limited driving force for the price of organic red beans in the production area. However, considering that the acquisition cost of grain merchants is challenging to reduce, it may support the delivery price in the short term. Pay attention to this week’s demand and the change in the acquisition mentality of grain merchants.
Current Market Price in China for Organic Adzuki Bean
| Product Name | Organic adzuki bean |
| Type | Small |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 2430-2460/mt |
| Delivery | 20 days after the contract |