DALIAN: According to reports from the production area, Shanxi Organic British Red kidney beans have been on the market for about two weeks and recently received many inquiries from traders and exporters.
The production area reported that the new organic British red production was less than last year because many farmers were not profitable due to the epidemic’s impact last year. Hence, some farmers reduced their planting area this year. But the receiving season is still looking forward to a good price. There has been a noticeable increase in export business feedback recently, mainly from the United States, the Netherlands, the Czech Republic, Italy, and the United Kingdom.
However, there is currently no clear export quotation, and exporters are cautious about their pre-sale prices. Before there is a clear purchase price, it will not be easy to quote. The price of the organic dark red kidney beans produced in 2020 has not changed this week, and the export standard is FOB DALIAB OR TIANJIN USD 1720/mt. Traders always pay attention to price changes in the production area and do not rule out the phenomenon of panic buying.
The current market price in China is below：
|Product Name||Organic red kidney bean|
|Package||25kg paper bag|
|Fob Dalian||Usd 1720/mt|
|Delivery||20 days after the contract|
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