Yunnan, China -The large white kidney bean market in Yunnan is experiencing significant challenges due to scarce supplies and high prices. Exporters report that the sustained high prices are difficult for buyers to accept, leading to a weak export market.
Scarcity of Supplies
Limited Market Quantities
In Yunnan, the production area for large white kidney beans is facing a scarcity of supplies. The market is seeing only small quantities of goods available for export.
High Prices
Prices for export-standard quality large white kidney beans are exceeding $3,420 per tonne. Importers have provided feedback that these prices are too high, resulting in no immediate procurement plans.
Market Dynamics
Export Challenges
The high prices have led to a weak export market, with buyers finding it difficult to accept the sustained high prices. This situation has caused a slowdown in market activities, with fewer transactions taking place.
Impact on Buyers
Importers are holding back on purchasing due to the high prices. This hesitation is contributing to the sluggish export market, as many buyers are unable to justify the expense at the current price levels.
Factors Influencing Large White Kidney Bean Prices
Supply Scarcity: The limited supply of large white kidney beans in the production area is a primary driver of high prices.
Market Demand: The weak demand from importers, due to the high prices, is contributing to the sluggish export market.
Price Sensitivity: The sensitivity of buyers to price changes means that sustained high prices are leading to reduced procurement plans.
Production Area Changes: Any changes in the production area, such as increased planting or improved yields, could influence future prices.
Understanding these factors can help stakeholders in the large white kidney bean market navigate the current challenges and anticipate potential changes in market conditions.
Product Name |
Large White Kidney Bean |
| Size | 40-60pcs/100g |
| Moisture | 16% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Conv. Fob Dalian | USD 3430-3460/mt – EURO 3171-3199/mt |
| Org. Fob Dalian | USD 3500-3530/mt -EURO 3236-3264/mt |
| Delivery | 20 days after the contract |