News

Richard Dalian

Sep 30, 2024

Yunnan’s White Kidney Bean Market Faces Uncertain Future

Yunnan’s White Kidney Bean Market Faces Uncertain Future

As the harvest season approaches in Yunnan, market participants are reporting mixed signals for this year’s white kidney bean crop. While the planted area remains consistent with last year, the effects of October’s rainy weather could impact both yield and quality. Buyers from Poland, Russia, and the Czech Republic are already showing interest, but exporters are holding off on pricing due to market uncertainties. Here's what to expect in the coming weeks.

Weather and Yield Uncertainty:

According to market feedback, the planted area for white kidney beans in Yunnan is similar to last year, but predicting specific yields and quality remains challenging. October’s rainy weather is a key factor that could influence the outcome of the crop. With harvest expected in early November, many in the market are closely watching how the weather unfolds, as it may significantly affect the overall production quality.

Growing Interest from International Buyers:

Despite the uncertainty, inquiries from international buyers have surged in recent weeks. Buyers from Poland, Russia, and the Czech Republic are particularly focused on the upcoming white kidney bean harvest, anticipating new season availability. However, the growing attention hasn’t yet translated into pricing stability, as exporters are refraining from offering prices at this time.

Price Forecast and Market Dynamics:

The overall market sentiment suggests that prices for white kidney beans are likely to fall due to a combination of factors, including increased inquiries and potential weather-related risks. Exporters are taking a cautious approach, waiting to see how the situation develops before setting prices. The global market influences are contributing to this uncertainty, as fluctuations in supply and demand are expected to play a role in the coming weeks.

As Yunnan’s white kidney bean harvest approaches, the market is filled with uncertainty. The impact of rainy weather and increased international interest has left exporters hesitant to offer prices, while buyers wait for clearer signals on supply. With the harvest set for early November, the next few weeks will be crucial in determining the yield, quality, and market trends for this season's crop.

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Product  Name Large White Kidney Bean
Size40-60pcs/100g
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Conv. Fob DalianUSD 3400-3440/mt - EURO 3045-3081/mt
Org.  Fob DalianUSD 3500-3540/mt - EURO 3134-3170/mt
Delivery20 days after the contract
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