DALIAN: Market participants reported that as the new organic black kidney beans will be on the market in a month, the export market is slow this week. The downstream replenishment enthusiasm is not high, and it is difficult for grain merchants in the producing areas to export stocks.
Most grain merchants consider the reduction in area in the new season. They are firm in asking prices for inventories and are unwilling to sell at a lower price; marginal profits clear a small number of them due to insufficient inventories. Producers predict that short-term demand will not improve, the price of black kidney beans may run in stalemate and partial transactions in the domestic market.
Current Market Price in China for Organic black kidney bean
|Product Name||Organic black kidney bean|
|Package||25kg PP bag|
|Fob Dalian||Usd 1340/mt|
|Delivery||20 days after the contract|
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