Broad Bean Prices – October 2023

Current Trends in Broad Bean Prices Across Poland and Europe

As of October 2023, the broad bean market across Poland and Europe reveals a dynamic and varied landscape. This report provides an in-depth analysis of the current wholesale prices, highlights notable trends and differences among markets, and offers insights into the broader European context. Buyers and sellers are encouraged to note these changes as they could impact trading decisions.

Current Prices at Various Markets

The current data from key Polish wholesale markets show significant variations in broad bean prices. At the Krakow Wholesale Food Market, broad beans are priced at EUR 1.20 per kg. This price remains stable compared to the previous week. In contrast, the Podlasie Agricultural Trade Center in Bialystok reports a price of EUR 1.05 per kg, reflecting a slight decrease of 5 cents from last week's figures.

Meanwhile, the Greater Poland Agricultural Guild in Poznan lists broad beans at EUR 1.15 per kg, marking a steady trend with no significant change. In the capital, the Warsaw Wholesale Food Market in Bronisze sets the price at EUR 1.30 per kg, which is one of the highest recorded in the country, albeit unchanged from last week.

Further north, the Elblag Food Exchange shows a more competitive rate, with broad beans priced at EUR 1.10 per kg. Similarly, the Subcarpathian Wholesale Center AGROHURT offers broad beans at EUR 1.12 per kg, representing a 2-cent decrease from the previous report.

In the west, the Wroclaw Wholesale Food Market prices broad beans at EUR 1.18 per kg, while the Radom Wholesale Food Market lists them at EUR 1.16 per kg, both showing marginal stability with no significant fluctuations.

Comparison with European Prices

When we extend our lens to the broader European market, stark contrasts become evident. In France, broad beans command a higher price, averaging EUR 1.45 per kg in most regions, driven by robust export demand and lower domestic production. Similarly, in Germany, prices hover around EUR 1.35 per kg, slightly higher than the Polish average, indicating a tighter supply in the German market.

On the other hand, Spain offers broad beans at competitive rates of about EUR 1.10 per kg, aligning closely with the lower Polish prices. This competitive pricing is attributed to Spain's extensive production capabilities and favorable climatic conditions.

Analysis of Changes and Price Trends

The price stability in most Polish markets suggests a balance between supply and demand, with minor fluctuations reflecting localized market dynamics rather than broader shifts. The slight decrease in Bialystok can be attributed to improved local supply, while the high rates in Warsaw are consistent with its status as a major consumption hub.

On a European scale, the differences highlight the impact of regional production levels and cross-border trade flows. The higher prices in France and Germany may encourage Polish exporters to explore these markets, potentially leading to future price adjustments domestically.

Short-Term Forecast

Looking ahead, the broad bean market in Poland is expected to remain relatively stable, barring any significant weather disruptions or changes in export demand. The competitive pricing in Spain could exert downward pressure on Polish prices if imports increase. However, strong local demand and stable supply conditions should support current price levels through the end of the quarter.

FAQ About Broad Bean Prices

• What factors influence broad bean prices? Broad bean prices are influenced by supply and demand dynamics, local production conditions, export opportunities, and competition from other producing countries.


• Why are broad bean prices higher in Warsaw? As a major urban center, Warsaw has higher transportation and market costs, contributing to elevated prices compared to other regions.


• How do European prices affect the Polish market? European prices can impact Polish prices through export opportunities. Higher prices in neighboring countries may lead to increased Polish exports, potentially tightening local supply and driving up prices.


• What is the forecast for broad bean prices in the near term? Prices are expected to remain stable due to balanced supply and demand, with potential fluctuations based on weather conditions and international trade dynamics.

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