News

Richard Dalian

Mar 11, 2022

Chinese Red Kidney Beans: Exports to the U.S. Market Are Blocked

Chinese Red Kidney Beans: Exports to the U.S. Market Are Blocked

DALIAN: Traders reported that exports to the U.S. market were hindered by the impact of sea freight and tariffs. U.S. customers reported that they mainly sourced from South America, and domestic British red prices were stable in the short term. Traders cut prices to ease inventory pressure. Standard export prices for the week were $1.530-$1.560 a ton. Regular UK 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  NameDark Red Kidney Bean
TypeShanxi Type
size190-210pcs/100g
Moisture16% max
Package25kg paper bag
Purity99.5%
Loading22mt /20GP
Fob DalianUsd 1530-1560/mt
Delivery20 days after the contract
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