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Organic red kidney bean: Market downturn and prices have fallen

by | Nov 30, 2021 | Beans, Pulses

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DALIAN: Market participants reported that the epidemic in China has basically ended recently and the market has returned to normal. Traders have less difficulty in purchasing, and prices have fallen slightly. But prices are still higher than those in the United States and South America. The domestic and foreign markets were hit by imported products.

Due to the high import tariffs in the United States, exports to the United States market have been greatly reduced this year. There is no continuity in export orders, and customers purchase in small batches. In order to meet production needs, manufacturers have increased their efforts to develop domestic trade markets. Due to the sluggish domestic market, some manufacturers will import British Red as raw materials at low prices. Traders predict that prices in production areas will fall after the epidemic. Sea freight hinders exports. The standard export price of organic British red this week is US$1640-1680 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 1640-1680/mt
Delivery 20days after contract

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