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Organic black kidney beans: The market is in a stalemate

by | Aug 19, 2021 | Beans, Pulses

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DALIAN: Market participants reported that as the new organic black kidney beans will be on the market within one month, the export of organic black kidney beans this week has not improved compared with last week. Exporters are worried that the quality of the tailed goods cannot be guaranteed, and they have no intention to replenish the inventory.

Farmers know that there will be a large reduction in production this year, and they are unwilling to sell the raw materials they have on hand, waiting for price increases. Most grain merchants consider that the area of the new season will be reduced and the inventory asking price will be firm, so they are unwilling to sell at a low price; producers predict that short-term demand will not improve, and the price of organic black kidney beans in the domestic and foreign markets may be in a long-term stalemate, with partial transactions and small quantities of goods.

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Current Market Price in China for Organic black kidney bean

Product Name Organic black kidney bean
Type small
Moisture 16% max
Package 25kg PP bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian Usd 1330/mt
Delivery 20  days after the contract

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