Azuki Beans
Azuki beans has long been an important element of Japanese cuisine, used as a raw material for the red bean paste found in Japanese-style sweets, in sekihan (red beans and rice), and in zenzai soup. For the above reason, azuki beans are the key beans in both export and import in the Japan beans industry. Above the azuki beans produced in Japan, approximately 90% of it is produced in Hokkaido prefecture, and almost all of it is processed into some kind of product.
Further, because the yield of azuki beans changes greatly depending on the weather conditions, it is said that it is a product which the weather risk gives a large impact on the yield and trading price.
Azuki Beans Futures
| Launched |
Oct,1952 |
|---|---|
| Type of Trade |
Physically Delivered Futures Transaction |
| Standard Grade Material |
Grade II Azuki Beans produced in Tokachi Hokkaido |
| Deliverable Materials |
Other grades produced in Tokachi or Kitami Hokkaido. |
| Delivery Points |
Designated warehouses in Osaka, Kobe and Hokkaido |
| Delivery Method |
Physical delivery by warehouse receipt |
| Contract Size |
1unit (1,200kg, 40bags) |
| Delivery Size |
1unit (1,200kg, 40bags) |
| Price Quotation |
One bag (Net 30kg) |
| Minimum Price Fluctuation |
10 yen |
| Delivery Months |
Six consecutive months |
| Last Trading Day |
Two business days prior to the delivery day |
| Start Day of New Delivery Month |
The next business day of the Last Trading Date |
| Delivery Day |
The second to last business day of the delivery month. For the December contract, the delivery day is 24th. If December 24th is not a business day, the delivery day will be the preceding business day. |
| Trading Hours |
9:00 A.M. To 3:00 P.M.(JST) |
| Price Limit |
350 yen |