Rainy Weather Affects Quality of New Crop, Creating Price Variability

In Dalian, the listing of new red kidney beans has seen a gradual increase, yet the recent rainy weather during the harvest period in the UK has led to a drop in overall quality, creating a scarcity of high-grade beans and pushing prices up. Despite a significant expansion in the planting area, the difference in quality is widening the price range, with beans priced primarily based on quality.

Market Trends: Limited Demand and Inventory Outlook

Downstream demand for UK red kidney beans remains moderate, with buyers opting to purchase on-demand, selecting based on quality. New inventory levels remain low, as some traders adopt a wait-and-see approach. Prices are expected to stabilize gradually as inventory conditions improve over time.

Current Market Price in China for Dark Red Kidney Beans