Yunnan: According to market participants, the quotation for 45 pieces of Yunnan Large White Kidney Beans refers to USD 1,660/ton, and the quotation for 40 pieces of kidney beans refers to USD1,720/ton, the domestic trade standard.
Merchants do not have much spot inventory, and they maintain regular customers loading vehicles on-demand, and prices are temporarily stable. In the new season, large white kidney beans are growing normally and are in full bloom. At present, there are very few large white beans in the production area, mainly No. 40 and No. 50, and the export prices are 1,720 US dollars/ton and 1,780 US dollars/ton, respectively. It is impossible to predict the output in 2021, so farmers are unwilling to lower prices and sell their surplus grain. They would rather wait until autumn to export again. Prices will rise slightly this week. Mainly domestic trade orders, export only sporadic sales orders.
Current Market Price in China for large white kidney bean
|Product Name||Large white kidney bean|
|Package||25kg PP bag|
|Fob Dalian||Usd 1780/mt|
|Delivery||20 days after the contract|
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