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Chinese Red Kidney Beans: Exporters Are in Trouble

by | Apr 20, 2022 | Beans, Pulses

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DALIAN: Exporters report that the British Red is to focus on the domestic market. In terms of exports, although there are many customers with purchase intentions, there are few actual transactions, mainly due to the impact of prices, the decline of buyers’ purchasing power, and the slow digestion of manufacturers’ inventories. The supply of high-quality goods at the grassroots level is scarce. Quotes vary by quality of supply. Exports to the U.S. market are affected by shipping and tariffs. American customers mainly purchase from South America, and domestic British red prices are stable in the short term.

Some traders cut prices to ease inventory pressure. Standard export prices for the week were $1,570-1,590 a tonne. Regular UK red export orders at the port were reduced and prices were uncompetitive. The export market demand has not been boosted, and grain merchants in the producing areas are cautious in purchasing. There is still a certain surplus of grain at the grassroots level in Shanxi production areas, but the output of raw grain is low. Prices of high-quality British red kidney beans are stable due to the limited supply of high-quality products from grain merchants. There is not much room for improvement. Follow the latest market changes.

Current Market Price in China for Dark Red Kidney Beans

Product  Name Dark red kidney bean
Type Shanxi type
size 190-210pcs/100g
Moisture 16% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1570-1590/mt
Delivery 20  days after the contract

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