Yunnan: The large white kidney bean market in China is in a quiet period. Exporters stopped quoting and waited for the new season’s supply to be released. Due to the increased rain and low temperature in the production area in October this year, the launch of new products is expected to be postponed by about ten days, about late November. 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 new Chinese goods are imported from Myanmar and North Korea after the launch, it will impact the price of Chinese white kidney beans. However, traders said that price fluctuations are not significant due to demand due to the vast domestic market. Currently, exporters predict that the price of new goods will exceed $2,000. The current price of 40 large white kidney beans is US$1,800/ton, which is the domestic trade standard. The standard export reference price of 40 grains is US$1840/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|
|Package||25kg PP bag|
|Fob Dalian||Usd 1820/mt|
|Delivery||20 days after the contract|
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