DALIAN: Exporters have reported that the domestic epidemic has led to increased transportation difficulties for Yinghong, the market demand is sluggish, and the merchants’ inventory is slow to digest. The supply of high-quality goods at the grassroots level is scarce. Quotes vary by quality of supply.
Exports to the U.S. market are affected by shipping and tariffs. American customers mainly purchase from South America, and domestic British red prices are stable in the short term. Some traders cut prices to ease inventory pressure. Standard export prices for the week were $1.550-1.570 a tonne. Regular U.K. red export orders at the port were reduced and prices were uncompetitive. The export market demand has not been boosted, and grain merchants in the producing areas are cautious in purchasing. There is still a certain surplus of grain at the grassroots level in Shanxi production areas, but the output of raw grain is low. Prices of high-quality British red kidney beans are stable due to the limited supply of high-quality products from grain merchants. There is not much room for improvement. Follow the latest market changes
Current Market Price in China for Dark Red Kidney Beans
|Product Name||Dark red kidney bean|
|Package||25kg paper bag|
|Fob Dalian||Usd 1550-1570/mt|
|Delivery||20 Days after the contract|