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DALIAN: After the Dragon Boat Festival, the domestic wholesale market for red adzuki beans slowed down. In July, most traders’ inventory was slow to digest. As the price of red adzuki beans this year was at a nearly five-year high, the new grain still has less than 2 months to go on the market. Cautious. The market in the sales area maintains a small amount of just-needed replenishment, which is not very effective in driving prices in the production area.

Although domestic trade demand has not been boosted, South Korea announced a  new bidding plan for red adzuki beans yesterday. This time a total of 3,000 tons of medium-grain red adzuki beans were tendered. The bidding time is August 6. Some grain holders still have the willingness to wait and see. Zhuo Chuang Information believes that before announcing the bidding results, the price of red adzuki beans in the producing areas will continue to run at a high level. Due to flat domestic demand, the transaction volume of high-priced red adzuki beans may not increase significantly. If the winning bid price this time is ideal, it is not ruled out that the grain holders may report high prices, but considering the limited sales time before the launch of the new grain, the price increase is expected to be within 3%.

Current Market Price in China for adzuki beans: More offers for beans

Product Name adzuki beans
Size 5.0mm up
Purity 99.95%
Moisture 14.5% max
Package 25kg paper bag
FOB Dalian Usd2430/mt
Delivery 25 days after signed the contract

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