News

Richard Dalian

Sep 4, 2024

Adzuki Bean Prices Expected to Fluctuate: Decline in Early Autumn, Recovery in Late Fall

Adzuki Bean Prices Expected to Fluctuate: Decline in Early Autumn, Recovery in Late Fall

Dalian – According to recent analysis from Zhuochuang Information, the prices of adzuki beans are anticipated to experience a dip followed by a recovery over the next three months, covering September to November. Experts predict a period of weakness in early fall, but prices may rebound as the market moves towards the winter season.

Early Fall Decline: Increased Supply of New Grain

Between September and early October, adzuki bean prices are expected to remain weak. This price decrease is primarily attributed to the growing supply of newly harvested grains entering the market, which may cause downward pressure on prices. The abundant supply will temporarily outpace demand, leading to a short-term drop in market value.

Late Fall Recovery: Demand Boost as Prices Bottom Out

As late October through November approaches, analysts predict that adzuki bean prices may hit their lowest point, sparking renewed interest from buyers. The increased purchasing enthusiasm from downstream markets is likely to drive prices upward, creating a gradual recovery toward the end of the year.

Key Factors to Monitor: Weather, Production, and Market Sentiment

Although this trend is expected, it’s important to monitor several key factors that could influence the market’s trajectory. These include weather conditions affecting crop yield, overall production volumes, and the mentality of the market participants. Sudden shifts in any of these areas could cause deviations from the predicted price movement.
Product Name Chinese Adzuki Beans
Size5.0mm up
Purity99.95%
Moisture14.5% max
Package25kg paper bag
Conventional FOB DalianUSD 1610-1640/mt - EURO 1457-1484/mt
Organic     FOB DalianUSD 1700-1730/mt- EURO 1538-1565/mt
Delivery25 days after signing contract
This website uses cookies to ensure you get the best experience on our website. Learn more