News

Richard Dalian

Sep 13, 2024

Buckwheat Market: Planting Area Declines

Buckwheat Market: Planting Area Declines

Dalian – This year, the domestic planting area for buckwheat in China is expected to decline. However, market participants are keeping a close eye on the impact of imports, as they are likely to play a significant role in the market.

Sufficient Domestic Supply with Increased Import Pressure

Despite the reduced planting area, domestic supply of buckwheat remains sufficient. Low import prices in the market have created a noticeable price advantage, leading to a significant increase in imported buckwheat this year. This has added pressure to the overall supply, contributing to a more competitive market environment.

Pricing Based on Quality

Both buckwheat and its downstream products are primarily priced based on quality. Traders and buyers are advised to pay close attention to pricing trends, especially as the market is expected to show shifts in early October.

Current Market Price in China for buckwheat kernel

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Product  Name Chinese Buckwheat Kernel
TypeConventional
Moisture15.5 % max
Package25kg paper bag
Purity99.95%
Loading20mt /20GP
Conventional Fob DalianUSD 800-830/mt - EURO 725-753/mt
Organic     Fob DalianUSD 880-910/mt - EURO 798-825/mt
Delivery20 days after contract
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