Dried beans: supply difficulties impact trading in China

April 4, 2022 at 11:49 AM , Der AUDITOR
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BEIJING. Transportation coupled with staff shortages are an issue in China and measures to curb the spread of Covid-19 have excacerbated the problem. This has also impacted trading with kidney, mung and adzuki beans.

Price declines for black kidney beans

Demand for black kidney beans is still rather sluggish at present, which has prompted prices to decline further since March. They currently range at USD 1,300/mt FOB Dalian for black kidney beans with a purity of 99.95%. While the market reckons that export prices will remain firm for now, prices in the domestic market should decline nominally. Supplies are also rather limited and refiners are only buying what they need at present. Traders consider Southeast Asia and Venezuela as most important export destinations.

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