Average Price of Adzuki Beans Declines in Key Producing Areas

This week, the price of adzuki beans in major producing regions saw a significant decline. From September 13 to 19, the average price fell by 2.44%, marking a shift from the previously stable market conditions to a downward trend. According to Zhuochuang Information statistics, this drop is largely attributed to the arrival of new crop listings.

New Crop Listings Pressure Old Crop Prices

As the 2023 adzuki bean harvest enters the market, prices for these new grains have started at lower levels. This has created a downward pressure on the prices of the older 2023 crop, reducing overall demand and further contributing to the price decrease.

Uncertain Market Outlook Ahead

While the listings of new grains remain sporadic for now, their impact on the market is becoming more pronounced. As more new crops are harvested and introduced, the market may see further fluctuations. Farmers and traders will need to stay alert as the situation continues to unfold in the coming weeks.

Current Market Price in China for Adzuki Beans

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