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Large white kidney beans: Predict the postponement of new crop launches

by | Oct 18, 2021 | Beans, Pulses

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Yunnan: China’s big white kidney bean market is in a quieter position. The export standard of the remaining old products is that the exporters stop quoting and wait for the new products to be launched. Due to the increase in rain in the production area in October this year, it is predicted that the launch of the new products will be delayed by about ten days, about November. They are listed in the second half of the year. At present, Chinese traders have imported white kidney beans from Africa to supplement inventory demand. The price is lower than domestic white kidney beans.

If China urgently needs to import large white kidney beans from Myanmar and North Korea when new products are launched, it will impact the price of large white kidney beans in China. However, traders said that price fluctuations are not significant due to the vast domestic market and the impact of demand. At present, exporters predict that the standard export price of new goods will be around US$2.000. The cost of 40 large white kidney beans is US$1.770/ton, which is the domestic trade standard. The standard export reference price of 40 grains is US$1.820/ton. Please continue to pay attention to the latest changes in the domestic market and changes in the weather in the production area.

Current Market Price in China for large white kidney bean

Product Name Large white kidney bean
Size 40pcs/100g
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1820/mt
Delivery 20  days after the contract

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