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Azuki (Red Bean) Futures

About Azuki (Red Bean) Futures

Red beans (Azuki) are generally grown in warm and humid climates and considered to be vulnerable to cold and drought, but they can also be grown in mountainous areas and newly cultivated lands. In addition, crop rotation in a cycle of 3 to 4 years is recommended for red beans since they are not suitable for continuous cropping. Thus, Hokkaido, blessed with vast land, is ideal for the production red beans, as well as other beans. In Hokkaido, red beans were grown primarily in the Matsumae region, but as the cultivation progressed, the production area gradually expanded to the center of Hokkaido and to the Tokachi region. This contributed to the increase in the acreage and brought the shift from self-sufficient production to production as commodities.
The weather conditions during the growing and harvesting seasons in the production area have a significant effect on the yield. The domestic supply and demand, in addition to the import from China and Canada also affect the red bean price. As it is a non-liberalized item, it is necessary to pay attention to the tariff quota announced by the Ministry of Agriculture, Forestry and Fisheries.