News

Richard Dalian

May 8, 2024

Yunnan Faces Record High Prices and Scarce Supplies in Large White Kidney Bean Market

Yunnan Faces Record High Prices and Scarce Supplies in Large White Kidney Bean Market

Exporters in Yunnan are reporting challenges in the large white kidney bean market, with supplies being scarce and prices hitting record highs. Buyers are finding it difficult to accept these elevated prices, leading traders to approach replenishment cautiously. As a result, the market is witnessing limited movement in small quantities.

Export standard quality supplies are currently quoted at over US$3,400 per tonne, with some holders anticipating even higher prices. This trend has contributed to continued price increases and a sluggish export market. However, as the weather warms up, prices are expected to gradually decline.

In particular, standard export quotes for organic products are exceeding $3,470 per tonne. Despite the current challenges, exporters remain watchful of market dynamics, anticipating potential shifts in the coming period.

Current Market Price in China for Large White Kidney Bean

Product  Name Large White Kidney Bean
Size40-60pcs/100g
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Conv. Fob DalianUSD 3380-3410/mt - EURO 3134-3162/mt
Org.  Fob DalianUSD 3460-3480/mt - EURO 3208-3227/mt
Delivery20 days after the contract
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