Dried beans: dull markets due to Chinese New Year

January 17, 2022 11:55 AM, Der AUDITOR
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BEIJING. Chinese market players report sluggish sales and little movement on the markets; the focus is already on the period after the Chinese New Year, which is celebrated from 1 February.

Black kidney bean sales are sluggish

Chinese traders report that black kidney bean sales continue to be slow. Prices for small black kidney beans, 99.95% purity are at USD 1,320/mt FOB Dalian; organic goods are trading at USD 1,370/mt FOB. This means that prices for conventional goods have climbed by another USD 20/mt compared to December, while prices for organic beans remain stable. Supply is limited, but demand is also low and traders are reducing their stocks for the time being. In addition, transport problems are causing export enquiries to fall further. A

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