Dried beans: New Year festivities keep prices stable

February 28, 2024 at 3:57 PM , Der AUDITOR
Play report as audio

BEIJING. As trade is slow to pick up in the two weeks following Chinese New Year, prices for dried beans are largely stable. Adzuki beans are, however, an exception.

Low stocks of black kidney beans

Prices for black kidney beans are currently still stable on the Chinese market. The Chinese New Year had largely paralysed trade for almost two weeks, but it is now slowly beginning to normalise and producers have resumed work. Demand is weak, but market experts estimate that it should now pick up after the festivities, which should also drive prices upwards. They are also being supported by low stocks. Conventional black kidney beans, 99.95% purity currently cost USD 1,210 per mt FOB Dalian.

Weak demand for red kidne

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.