News

Richard Dalian

Oct 29, 2024

Black Bean Prices Rebound in Dalian Amid Low Yields and Stockpiling Demand

Black Bean Prices Rebound in Dalian Amid Low Yields and Stockpiling Demand

Dalian’s Black Bean Market Sees Price Recovery as Merchants Show Strong Buying Interest

In Dalian, black bean prices have rebounded following recent declines, reaching their lowest levels in recent years and sparking renewed interest in stockpiling. Some grain merchants are showing increased purchasing enthusiasm, spurred by low yields in certain local areas, which has put upward pressure on black bean prices.

Low Yields and Merchant Stockpiling Drive Price Recovery

Low black bean yields in certain regions have contributed to a rise in prices as demand from merchants picks up. This resurgence in purchasing enthusiasm indicates the potential for further price increases, particularly if stockpiling activity continues. Some pulse merchants are also reportedly holding back supplies, adding further support to the price rebound.

Outlook: Watch for Further Price Movements

As interest in black bean purchases strengthens, prices are likely to maintain an upward trend. Market observers are advised to keep an eye on downstream merchants and the stockpiling activity of pulse traders, as these factors will influence price dynamics in the coming weeks.

Current Market Price in China for Black Kidney Bean





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Product  Name Chinese Black Kidney Bean
TypeSmall
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Conv. Fob DalianUSD 1240-1270/mt - EURO 1146-1173/mt
Org.  Fob DalianUSD 1330-1360/mt - EURO 1229-1257/mt
Delivery20 days after the contract
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