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Organic red kidney bean: Increased difficulty in procurement and stable prices

by | Nov 23, 2021 | Beans, Pulses

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DALIAN: Market participants reported that the recent epidemic in China was the cause, especially the serious one in Dalian. Despite the sluggish export market and increasing difficulty for traders to purchase, the price of organic British red has not declined, and the price is stable.

There is no continuity in export orders, and customers purchase in small batches. To meet production needs, manufacturers increase domestic trade market development. Due to the sluggish domestic market, some producers will import British Red as raw materials at low prices. Traders predict that prices in production areas will fall after the epidemic. Sea freight impedes exports, and the standard organic British red export price is 1.660-1.700 US dollars 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
Type Shanxi type
size 190-210pcs/100g
Moisture 16% max
Package 25kg paper bag
Purity 99.5%
Loading 22mt /20GP
Fob Dalian/Tianjin Usd 1660-1700/mt
Delivery 20days after contract

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