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DALIAN: China’s kidney bean export market is mainly British red, mung bean, adzuki bean, black bean, soybean, and milk flower kidney bean. As the leading export product, British red has always been welcomed by the European market. However, with the increase in planting costs in recent years, the output has decreased year by year, and the price has increased year by year. The export market was significantly impacted by the United States, Canada, and Argentina. Exporters are in trouble. Some exporters have increased their demand for imports, and imported goods mainly supply the domestic market.

The export market for organic British red in the new season is sluggish, not only for price reasons but also for foreign markets that have undergone significant changes due to the epidemic’s impact. The huge domestic market supports prices, causing export prices to rise year by year. Although prices have fallen this week, export prices are supported by the domestic market, and it is difficult for them to drop significantly.

The current export standard is 1.630-1.670 US dollars per ton. The export price plus Shanghai freight is still not competitive. Exporters predict that if the sea freight rate drops significantly in the future, the export situation will be improved. Importers and exporters are concerned about changes in the shipping market.

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 1630-1670/mt
Delivery 20days after contract

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