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Chinese Red Kidney Beans: New Crops Began to Take Their Place on the Counters at High Prices

Mintec Global
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DALIAN: It is expected that British Red will be officially listed at the end of September. Currently, a small number of the crop is listed and the market price is high. Importers are waiting for new products to enter the market, the market is calm, and purchases will be made after prices stabilize. Traders are ready to purchase new grains, and the amount of replenishment just needed is limited. Reduced demand has put producers in a bind. Manufacturers and traders replenish inventories in small amounts according to demand to meet production needs. Exporters have certain expectations for the reduction in the production of kidney beans this year. At present, the price is running high. Grain merchants are reluctant to ship at a low price, and the price will be stable in the short term. Continue to monitor market price and exchange rate changes.

Current Market Price in China for Dark Red Kidney Beans

Product  NameDark red kidney bean
TypeShanxi type
size190-210pcs/100g
Moisture16% max
Package25kg paper bag
Purity99.5%
Loading22mt /20GP
Fob DalianUsd 1700-1750/mt
Delivery20 Days after the contract