Dried beans: shortage likely to drive up prices

June 29, 2022 at 3:06 PM, Der AUDITOR
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BEIJING. Supply is likely to be tight for some Chinese bean varieties this season, which will also be reflected in prices in the longer term. Heavy rains in southern China are limiting trading activities.

Black kidney beans could become scarce

Trading activity for black kidney beans is currently running at a moderate level. This variety is primarily destined for the Chinese domestic market and most traders are currently reducing their stocks while others are restocking to fulfil their contracts. Market players expect black kidney beans to be in short supply this year as less raw materials arrive from the growing regions. Although prices have fallen by USD 10/mt in the last two weeks and are currently at USD 1,310/mt FOB Dalian for conventional goods, market expe

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