News

Richard Dalian

Apr 30, 2024

Stability Prevails: Adzuki Beans Market Insights from DALIAN

Stability Prevails: Adzuki Beans Market Insights from DALIAN

In the heart of China's agricultural landscape, the adzuki beans market in DALIAN reveals a story of balance and stability. Let's explore the recent developments in adzuki beans production areas, shedding light on supply dynamics and price trends.

Supply Scenario

  • Production areas report relatively sufficient supplies of red small beans, with farmers holding an average residual grain of approximately 18%. While market stockpiles face temporary scarcity, efforts to digest existing inventories remain paramount.
  • Traders in the production zones observe a year-on-year decline in inventory levels, with inventory costs providing support to red small bean prices. This downward trend in inventories further strengthens market stability.

Price Dynamics

  • Prices in the northeast producing areas of red small beans continue to find support from the cost of gross grain stocks. Despite temporary fluctuations in sales dynamics, procurement remains on-demand, with some stakeholders adopting a wait-and-see approach.
  • Various factors, including cost considerations and market conditions, contribute to a mutually restrictive environment, reinforcing the forecast of stable red small bean prices in the foreseeable future.

Current Market Overview

The current market price for adzuki beans reflects a scenario of equilibrium, with stability prevailing amidst supply and demand intricacies. Market participants navigate this landscape with cautious optimism, anticipating continued stability in the pricing landscape.As the adzuki beans market in DALIAN maintains its equilibrium, stakeholders navigate the terrain with resilience and foresight. With supply dynamics and price trends underpinned by stability, the outlook remains promising for both producers and traders in the red small beans market. Stay tuned for further insights into this dynamic agricultural sector.

Current Market Price in China for Adzuki Beans

Product Name Chinese Adzuki Beans
Size5.0mm up
Purity99.95%
Moisture14.5% max
Package25kg paper bag
Conventional FOB DalianUSD 1610-1640/mt - EURO 1503-1531/mt
Organic  FOB DalianUSD 1680-1710/mt - EURO 1569-1597/mt
Delivery25 days after signing contract
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