Dried beans: low demand puts pressure on prices

November 1, 2022 at 3:20 PM, Der AUDITOR
Play report as audio

BEIJING. Although the new crops have now arrived on the markets, there is hardly any buying interest, so prices are declining. Overall, there is little positive to report here at the moment.

Hardly any demand for black kidney beans

Market players have little positive to report from the Chinese black kidney bean market at the moment. The new season is getting off to a slow start and companies are only buying what they need instead of filling their stocks. Production has been smaller than last year, but prices are still falling as demand is almost non-existent. This is true for both commodity and export prices. Small black kidney beans, 99.95% purity are currently at USD 1,230/mt FOB Dalian.

Red kidney beans cheaper again

View related articles

Go to the News Overview
Mar 20, 2023
NEW DELHI/OTTAWA. With arrivals picking up in India the prices for chickpeas have declined sharply. Sowing is up in Canada.
Mar 13, 2023
NEW DELHI/OTTAWA. Although arrivals are picking up in India, limited supplies are preventing sharp price declines for chickpeas. Prospects for the new crop are highly encouraging.
Dried Fruit
Mar 9, 2023
TEHRAN. Exchange rate fluctuations have enabled Iran’s date exporters to offer competitive prices this season. Exports for 2022 are, however, roughly on par with 2021.
Mar 6, 2023
NEW DELHI/OTTAWA. With arrivals picking up in India the market has come under pressure. Exports are up in Canada.