Dalian Buckwheat Market Faces Low Demand Amidst Import Competition
The buckwheat market in Dalian is currently experiencing low demand and generally low prices due to the influx of imported buckwheat. However, high-quality buckwheat continues to command a premium price. Farmers are selling at lower prices in an attempt to stabilize the market. Predictions indicate a decrease in the domestic buckwheat planting area for the new season, with attention now turning to late market trends.
Low Market Demand and Impact of Imports
Market demand for buckwheat in Dalian is currently low. This reduced demand is compounded by the impact of imported buckwheat, which has generally driven prices down. Despite the overall low price trend, high-quality buckwheat remains in demand and continues to fetch higher prices, highlighting a market preference for premium produce.
Farmers’ Efforts to Stabilize Prices
In response to the current market conditions, farmers are selling their buckwheat at lower prices in an effort to stabilize the market trend. This strategy aims to balance the supply and demand dynamics and mitigate the impact of cheaper imported buckwheat on local prices.
Decrease in Domestic Planting Area
Projections for the upcoming season indicate a decline in the domestic buckwheat planting area. This anticipated reduction is likely a response to the current low market prices and the competitive pressure from imports. The decrease in planting area could potentially affect future supply, making it crucial to monitor late market trends and price developments.
Commentary
The Dalian buckwheat market’s current situation underscores the challenges faced by local farmers in the face of import competition and fluctuating demand. The strategic move by farmers to lower prices to stabilize the market highlights their proactive approach to managing economic pressures. The anticipated reduction in domestic planting area signals a potential shift in supply dynamics, which could influence market trends in the long run. Stakeholders should closely monitor these developments and adapt their strategies accordingly to navigate the evolving market landscape.
Current Market Price in China for Buckwheat Kernel
Product Name |
Chinese Buckwheat Kernel |
| Type | Conventional |
| Moisture | 15.5 % max |
| Package | 25kg paper bag |
| Purity | 99.95% |
| Loading | 20mt /20GP |
| Conventional Fob Dalian | USD 830-850/mt – EURO 768-787/mt |
| Organic Fob Dalian | USD 910-940/mt – EURO 843-870/mt |
| Delivery | 20 days after contract |