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.
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.