News & Updates

Chinese exporters hold back kidney beans

by | Jun 18, 2021 | Beans, Pulses

A small number of exporters in Yunnan production areas hold their stock of large white kidney beans. Only a small part of them [swpm_protected visible_to=”logged_in_users_only” custom_msg=’This content is for members only. Please login or sign up now.’] is currently selling their stocks. The intention is to wait and see the market and stop to offer temporarily to push the price. Domestic wholesale market traders’ spot inventory is limited. They are selling slowly to keep the domestic prices stable until they can get more beans from production. With the high price of beans entering the warehouse, the partial shipment quotation is still at a high price level. Yunnan Dali white kidney beans quoted 12100 yuan/ton, at domestic trade standards. The standard export quotation is USD 1,970 per ton. Recently, the domestic merchants’ inquiries increased, which pushed the quotations up. However, export orders are still insufficient, and the transaction is not fast due to the high price level.

Current market price in China for large white kidney bean

Product Name Large white kidney beans
Size 65-70pcs/100g
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian USD 1970/mt

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