Dried beans: prices for kidney beans are rising

January 17, 2024 at 4:55 PM , Der AUDITOR
Play report as audio

BEIJING. While prices for Chinese kidney beans have risen significantly in recent weeks, other bean varieties have maintained their price levels for the time being. High freight costs are dampening export demand.

Black kidney beans are becoming more expensive

Prices for Chinese black kidney beans, which had remained stable for a while, rose by USD 20/mt in December and are currently holding at this level. Now in winter, farmers are trying harder to get their produce to buyers, while exporters are only stocking up on the bare essentials to fulfil existing contracts. This makes it difficult to push prices up even higher. One problem is the massive increase in freight costs due to the crisis in the Red Sea, which means that sellers prefer to offer their goods on an FOB basis. M

View related articles

Go to the News Overview
Feb 19, 2024
NEW DELHI/OTTAWA. Indian farmers are encouraged by last year's favourable market prices and have significantly increased their chickpea acreage. Canadian market players are also keeping a close eye on this development.
Fruit and Vegetables
Feb 13, 2024
ANKARA. After a very successful year 2023, market players in the Turkish pulses market are optimistic about 2024 as well. What matters here is the appropriate support, with which the sector can still achieve a great deal.
Dried Fruit
Feb 12, 2024
CAIRO. The demand for dates, which are an essential part of Ramadan, has increased massively, especially in Muslim countries. Egyptian exporters, who can look back on an excellent season, are among those benefiting from this.
Feb 12, 2024
NEW DELHI/OTTAWA. Although the supply shortage on the Indian market continues, commodity prices decline; despite the wedding season, demand is not able to stabilise them in the long term. In Canada, however, there is uncertainty regarding stocks.