Domestic Supply Bottoms Out

The domestic supply of British red kidney beans in Dalian has reached its lowest point. The 2023/24 purchasing and selling season for domestic sources has concluded, and market participants must now wait for the next season's harvest.

Impact of Rising Shipping Costs

Export market shipping costs have soared, contributing to a challenging market environment. In the short term, British red kidney beans are expected to face a situation where prices are stagnant, and market activity is minimal.

End of Grain Purchasing and Marketing

With the end of the grain purchasing and marketing season for domestic British red kidney beans, the focus has shifted to the downstream digestion of existing inventory. Some buyers are turning to imported supplies to meet their needs.

The British red kidney beans market in China is experiencing a period of transition, with domestic supplies running low and high shipping costs affecting export activities. As the market awaits the next season's harvest, the dynamics of supply and demand will continue to evolve, with imported supplies playing a critical role in meeting ongoing demand.