News & Updates

Organic Red Kidney Bean: Export Market Is Weak

by | Apr 20, 2022 | Beans, Pulses

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DALIAN: Compared with March, the inquiries from Europe have increased, but the actual number of transactions is very small due to price and other reasons. Organic British Red prices are currently stable. In terms of export orders, shipments to Italy, the UK, the Netherlands, the Czech Republic, France and Germany were significantly reduced. The export volume is decreasing year by year. Orders in the export market lack continuity, and exporters’ replenishment is not active. The domestic market has a backlog of imported British red stocks, which imported products have severely impacted.

The US market is not as good as the European market, and the purchase volume has dropped significantly. Of course, this is related to the epidemic, and high shipping costs hinder exports. Standard export prices for organic red kidney beans in the UK this week range from $1,610 to $1,640 a tonne. Importers are very concerned about changes in market prices.

The current market price in China is below

Product  Name Organic red kidney bean
Type Shanxi type
size 190-210pcs/100g
Moisture 16% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian/Tianjin Usd 1610-1640/mt
Delivery 20days after contract

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