DALIAN: According to market research feedback, affected by the global economic downturn and poor export environment, the number of organic red kidney bean exporters has decreased by more than 50%, and the exporters are relatively concentrated and more specialized. Generally speaking, organic products’ export market is better than conventional products. Due to the downturn in the export market, prices fell slightly.
Imported products have severely hit the domestic market. Export orders have no continuity, and customers purchase in small batches. To meet production needs, manufacturers have increased their efforts to develop the domestic trade market. Domestic trade manufacturers will import British red as raw materials at low prices. The European market, especially the Italian market, has seen a significant decrease in purchases. Of course, this is related to the epidemic, and high transportation costs hinder exports. The standard export price of organic red kidney beans in the UK this week is US$ 1.620-1.660 per ton. Importers are very concerned about changes in market prices.
The current market price in China is below：
|Product Name||Organic red kidney bean|
|Package||25kg paper bag|
|Fob Dalian/Tianjin||Usd 1620-1660/mt|
|Delivery||20days after contract|
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