Dried beans: traders need to stock up

February 1, 2023 at 12:58 PM , Der AUDITOR
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BEIJING. After the good sales in the course of the Chinese New Year, traders in the bean markets are now forced to replenish the stocks in their warehouses. This should support prices in most cases.

Black kidney beans significantly cheaper

After the continuous price increases of the last few months, the market for black kidney beans has now seen significant declines of USD 90/mt compared to December 2022. Many buyers were no longer willing to pay the high prices. In addition, there were logistical problems for a longer period of time due to China's zero-covid policy, which has since been lifted. This has meant that not all suppliers received their goods in time for the Chinese New Year. Growers report that hardly any orders are being received at present. Small

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