News & Updates

Chinese Adzuki Beans: Reluctant Farmers

by | Nov 24, 2022 | Beans, Pulses

DALIAN: Domestic adzuki bean market traders’ spot inventory is not much. Merchants are more to adjust the sales price according to the cost of arrival. Due to the slow inventory digestion, traders have limited enthusiasm for replenishment, and low-inventory merchants choose more cost-effective goods when purchasing, which does not boost the market in producing areas. If farmers are reluctant to sell at low prices, grain merchants’ short-term acquisition costs are difficult to reduce, or temporarily support the red bean shipment price.
Current Market Price in China for adzuki beans

Product Name
Chinese adzuki beans

Size
5.0mm up

Purity
99.95%

Moisture
14.5% max

Package
25kg paper bag

FOB Dalian
Usd1700-1730/mt

Delivery
25  days after signing the contract

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The post Chinese Adzuki Beans: Reluctant Farmers appeared first on Commodity Board Europe GmbH.