Yunnan – Feedback from market participants indicates that the planting area for large white kidney beans in Yunnan China remains consistent with last year. However, increased rainfall during the growing season is expected to delay the new grain harvest until early November.

Tight Supply Supports Current Prices

Traders and exporters are facing a significant shortage of stock, with only a small amount of goods circulating in the market. This limited supply is helping to maintain current price levels, even as buyers begin to focus on the upcoming harvest.

Buyers from Poland, Russia, and the Czech Republic Watching the Market

Buyers in Poland, Russia, and the Czech Republic are increasingly focused on the new season of large white kidney beans. Influenced by current market conditions, they are predicting lower prices for the upcoming harvest. However, due to the difficulty of foreign large white kidney beans entering the Chinese market, prices are unlikely to drop sharply. Strong domestic demand continues to provide support for price stability.

Exporters Hold Off on Price Offers

For the time being, exporters have stopped offering prices as they wait for the new harvest to begin. Market participants are advised to keep a close eye on price trends as the season progresses, particularly as domestic demand will play a critical role in shaping the market.