Large White Kidney Beans: Prices Are Dropping While Waiting for New Products

Large White Kidney Bean

Yunnan: According to the feedback from exporters, the demand has decreased recently, and the merchants in the surrounding areas are selling goods at a profit, and the transaction is slow. Most of the local new season kidney beans are in the pod setting stage and are growing well. Exporters wait for new products to enter the market and temporarily stop quoting.

The export of large white kidney beans has entered a shutdown period, the supply of high-quality products is in short supply, and the price has dropped. The purchase price of 45 large white kidney beans in the domestic market is about 1.700-1.750 US dollars/ton, and the purchase price of 50-55 large white kidney beans is about 1.680-1.730 US dollars/ton. On the export side, the exchange rate of the euro continued to decline, and export orders from Spain, the United Kingdom, Poland, Belgium and the Czech Republic fell. Compared with last year, export orders were down and unstable, and were greatly affected by shipping. The export reference quotation is stable this week, 45 grains, FOB Tianjin: 2.140-2.180 US dollars/ton.

Organic Large White Kidney Bean

YUNNAN: Exporters in the producing area reported that the organic large white kidney beans produced in 2021 have been sold out. New items will be available in a month. Importers are waiting for new shipments. The export market was affected by the shipping market, the epidemic and the fall in the exchange rate of the euro. The export volume fell sharply and the price fell. It is currently impossible to predict the market situation in the new season. The decline in purchasing power in domestic and foreign markets has created difficulties for exporters. Neither domestic producers nor exporters have plans to replenish supplies, as new shipments will be available at the end of October.

At present, the purchase price of organic raw grains has dropped to 1.730-1.760 US dollars/ton, 45 grains / 100g. Exporters’ quotations have begun to decline, and export orders have decreased significantly compared with the same period last year. The export standard reference price is 2.230-2.260 US dollars/ton, FOB Tianjin. Continue to monitor market price changes.

Current Market Price in China for Large White Kidney Bean

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