Dried beans: dull markets due to Chinese New Year

January 17, 2022 at 11:55 AM, Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Jan 30, 2023
NEW DELHI. After traders had already wondered about the low prices at the beginning of the year, there were further declines in the course of last week. Indian experts, however, estimate that the preliminary low point may have been reached.
Jan 23, 2023
NEW DELHI. Traders are puzzled by the turn the prices for chickpeas have taken in India this year so far.
Jan 10, 2023
NEW DELHI. While chickpea sowing is underway in India, supplies remain tight. Prices have, however, taken a rather surprising turn.
Dec 19, 2022
NEW DELHI/OTTAWA. While supply shortages are dominating the trade in India, the hoped-for increase in demand has finally taken place in Canada.