Dried beans: mung bean market under pressure

April 3, 2024 at 3:22 PM , Der AUDITOR
Play report as audio

BEIJING. Arrivals from Myanmar are putting increasing pressure on the Chinese mung bean market. Prices for black and red kidney beans have risen, while demand for adzuki beans is increasing.

High prices dampen demand for black kidney beans

Deliveries of black kidney beans are currently slow and traders are only buying on demand and not in stock. Suppliers are refusing to sell their goods at more favourable prices, and the low stocks in the growing regions are managing to support prices and even push them up slightly. Problem is that both Chinese and foreign buyers are not willing to pay the high prices, which is why there is currently virtually no demand. Conventional black kidney beans, 99.95% purity currently cost USD 1,210/mt FOB Dalian and are thus

View related articles

Go to the News Overview
Jul 15, 2024
NEW DELHI. Favourable international prices are putting pressure on the Indian chickpea market and traders are not optimistic about possible price increases. The humidity during the monsoon season could lead to additional problems.
Fruit and Vegetables
Jul 10, 2024
BEIJING. With prices being attractive for sellers, acreages of both black and red kidney beans in China are expected to increase this year. Mung bean sales have improved, while adzuki bean traders are pinning their hopes on the Lunar Festival.
Jul 8, 2024
NEW DELHI/OTTAWA. There is still no concrete information on the area under chickpeas in Canada in 2024, although it is estimated to be larger than last year. In India, traders are calling for storage limits to be lifted.
Jul 1, 2024
NEW DELHI. Stockpiling has backfired for many exporters in India. While chickpeas were in short supply last year, the market is confronted with a supply glut this year. Worse may be in store for stakeholders when the rainy season sets in.