News

Richard Dalian

Jul 5, 2024

Black Bean Prices in Dalian Expected to Rise as Stocks Dwindle

Black Bean Prices in Dalian Expected to Rise as Stocks Dwindle

Depleting Stocks in Northeast

Black bean stocks in the northeast producing areas of Dalian have bottomed out, making it increasingly difficult for grain merchants to load supplies. This scarcity is providing support for prices.

Merchant Inventory and Price Support

Currently, only a small number of grain merchants have inventory. These merchants are strongly inclined to support and even pull up prices, driven by the low availability of black beans. Downstream procurement is happening on an as-needed basis.

Price Forecast

According to Zhuochuang Information, considering the current supply and demand situation, black bean prices are expected to rise slightly in the coming days.

With black bean stocks running low and demand continuing, prices are anticipated to increase. Stakeholders should keep an eye on inventory levels and market trends to make informed purchasing decisions in this tightening market.
Product Ā Name Chinese Black Kidney Bean
TypeSmall
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Conv. Fob DalianUSD 1240-1270/mt - EURO 1149-1176/mt
Org. Ā Fob DalianUSD 1330-1360/mt - EURO 1232-1260/mt
Delivery20 days after the contract
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