News

Richard Dalian

Sep 23, 2024

Will Buckwheat Prices Hold Steady as New Harvest Approaches?

Will Buckwheat Prices Hold Steady as New Harvest Approaches?

As the listing of new buckwheat grain draws near in China, market participants are closely monitoring the impact of recent rainfall on the harvest progress in key producing areas. While Chinese domestic buckwheat prices have remained relatively stable, some regions may still experience a potential decline in prices.

Impact of Rainfall on Harvest Progress

Recent weather conditions, particularly rainfall, have slowed the harvest progress in some buckwheat-producing regions. This has created uncertainty about how quickly the new grain will come to market and what impact it will have on overall pricing trends.

Price Trends: Domestic vs. Imported Buckwheat

Currently, the price difference between domestic and foreign buckwheat production areas is narrowing. Imported buckwheat continues to hold a price advantage due to lower costs, which is helping to stabilize the market. Many manufacturers are focusing on digesting their current inventory, while others are adopting a more cautious, selective approach to selling.

Quality-Based Pricing for Buckwheat

Both domestic and imported buckwheat are being priced primarily based on quality. As new grain becomes available, buyers and sellers alike will need to closely watch how quality variations affect pricing trends in the coming weeks.

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 716-743/mt
Organic     Fob DalianUSD 880-910/mt - EURO 788-815/mt
Delivery20 days after contract
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