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DALIAN: Exporters reported that the price rose slightly this week due to the shortage of high-quality organic red kidney beans. Buyers reported that due to high import costs, they are now mainly watching and paying attention to the market and quality of new products.

Recently, the production area has had less rainfall and moisture. Unsatisfactory, the new season organic British red kidney beans are expected to reduce production. The specific situation will have specific figures in mid-September. Exports have not improved significantly, and ocean freight has become the main factor hindering exports. Domestic trade is mainly based on imported low-priced red kidney beans. Orders from food factories decreased significantly during the summer, and demand was weak. Traders look forward to the arrival of new products in 2021.

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 Usd 1720/mt
Delivery 20  days after the contract

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