Dried beans: acreage in China is shrinking

June 13, 2022 at 12:48 PM , Der AUDITOR
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BEIJING. For both red kidney beans and mung beans, Chinese market players expect smaller acreages this year. This is already having an impact on prices.

Slight price increases for black kidney beans

Compared to last month, black kidney bean prices stabilised and even increased slightly. According to market players, this is mainly because supply is more limited than the average of the last few years and it will take a while before the new crop arrives on the markets. While traders need to stock up to meet contracts, overall demand is rather weak, so there should be little, if any, price increases for the time being. Conventional black kidney beans from China currently cost USD 1,320/mt FOB Dalian, while organic goods

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