Market researchers reported that Chinese black bean shipments this week were modest, with traders having limited enthusiasm for replenishment. Grain suppliers in producing areas are slow to deliver goods because of different operating mentality, price differences, local grain suppliers that have the phenomenon of clearing warehouses as well as individual purchase pressure. As a result, the surplus quantity of round the black bean with the yellow kernel in the producing area is reduced compared with the same period last year, and the downstream is replenished according to demand. Shorter-term merchants are mainly responsible for price stabilization and destocking, and the crazy shipping market mainly causes the price rise.
Current market price in China for black kidney beans
|Product Name||Black kidney beans|
|Package||25kg PP bag|
|Fob Dalian||USD 1300/mt|