High Prices Amid Scarcity of Supplies

In Yunnan, large white kidney beans are facing a challenging market due to supply shortages and high prices. Exporters report that many buyers are waiting for new stock to arrive, as the current hot weather has slowed sales. Traders are hopeful that supplies from Myanmar and North Korea can enter China to ease the situation. Without these additional supplies, European buyers are finding it difficult to accept the high prices for large white kidney beans.

Export and Domestic Market Pressures

The scarcity of supplies has kept the prices of large white kidney beans high in the production area. The domestic market demand is also supporting these elevated prices. Export quality standards for large white kidney beans are currently quoted at over $3,480 per tonne. Given the current conditions, prices are not expected to fall in the short term.

Anticipation for New Harvest

Most traders and buyers are eagerly awaiting the new harvest, which is expected to be ready in November. Until then, the high prices and limited availability will likely continue to pose challenges for the market.

The current situation in the large white kidney bean market in Yunnan underscores the importance of supply chain diversity and the impact of environmental conditions on agricultural products. As stakeholders navigate these challenges, the focus will be on securing new supplies and managing market expectations to ensure stability and growth.