Red Soybean Market Shows Stability Amid Sufficient Supply in Dalian

Chinese Adzuki Beans: Market Players Tries to Support the Price

Mintec Global
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DALIAN: The new season adzuki beans are being listed one after another in Heilongjiang, Inner Mongolia, Jilin and other production areas. Due to the year-on-year decline in the opening price this year, some farmers are reluctant to sell grain at a low price, and most grain merchants say that the delivery is slow. In the domestic wholesale market, new season red beans are arriving one after another. Traders have different arrival costs and different quotations. Affected by the low price of new grains, the sales prices of old grains are still falling slowly. In the next week, the red bean in the production area will be listed. Pay attention to the construction inventory of grain merchants and the downstream replenishment situation. If a centralized replenishment market is formed, the price will be supported.

Current Market Price in China for Adzuki Beans

Product NameChinese adzuki beansOrganic adzuki bean
Size5.0mm upsmall
Purity99.95%99.5%
Moisture14.5% max16% max
Package25kg paper bag25kg PP bag
FOB DalianUsd 1940-1980/mtUsd 2040-2090/mt
Delivery25 days after the contract20  days after the contract

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