News & Updates

Organic Adzuki beans: After the listing of the new crop, the price drops gradually

by | Oct 7, 2021 | Beans, Pulses

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DALIAN: This week, the price of organic adzuki beans in the new season has dropped periodically due to the market downturn and demand. New products in some production areas have been harvested one after another. Due to the increase in rain, the water content of red adzuki beans is high. Manufacturers are cautious and strictly control the water content.

Most of the new products will be launched in mid-October. Prices may continue to fall. With the impact of export bidding orders, the overall cost will be higher than the same period last year. The main export markets for organic Hongxiaodu are South Korea, Japan, the United States, and some European countries.

However, the export situation is not optimistic. The export cost of adzuki beans is too high. Importers pay more attention to changes in ocean freight, which directly affects export prices. Due to the uncertainty of ocean freight, it is difficult for importers to sign long-term orders. Adzuki beans mainly focus on the rigid demand market and pay attention to the changes in the overall market after the launch of the new grain. This week, the export price of organic adzuki beans is FOB DALIAN OR TIANJIN USD 2.230-2.270 per ton.

Current Market Price in China for organic adzuki bean

Product Name Organic adzuki bean
Type small
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 2250/mt
Delivery 20 days after the contract

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