As new domestic buckwheat listings increase in China, the market is seeing price drops compared to last year. With a combination of strong supply and low demand, the price outlook remains uncertain for both domestic and imported buckwheat.

Domestic Buckwheat Supply Rises, Prices Fall

The gradual increase in new buckwheat listings across domestic markets is putting downward pressure on prices. Current prices are notably lower than last year, as demand has not matched the rising supply. The domestic market is further affected by the ample stock still available from the 2023 harvest, which continues to be digested.

Imported Buckwheat Prices Remain Low

In addition to domestic sources, imported buckwheat continues to enter the market at low prices, further stabilizing or slightly weakening domestic prices. This ample supply, combined with subdued demand, is keeping price movements relatively flat for now.

A Mixed Outlook for Buckwheat Prices

While some areas are seeing stable buckwheat prices, others could experience a slight decline. The combination of leftover inventory from previous seasons and a steady flow of new domestic and imported buckwheat into the market is more than sufficient to meet current demand.

Conclusion: Buckwheat Market Faces Uncertainty

As the buckwheat market contends with strong supply and weak demand, prices are likely to remain low in the short term. Whether the market stabilizes or weakens further depends on how quickly demand picks up and how much inventory continues to flow into the market.

Current Market Price in China for Buckwheat Kernel





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