Stability Expected in China's Buckwheat Market Amid Supply and Demand Dynamics

Chinese Buckwheat Kernel: New Crops Began to Take Their Place on the Counter

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Buckwheat Kernel

Inner Mongolia/Dalian: The new buckwheat in the production area has gradually matured, and new grains such as Chifeng, Guyang and Wuchuan in Inner Mongolia are in the harvesting period. The growth period was affected by abnormal weather such as drought and early frost, and the yield decreased. Guyang and Wuchuan sweet buckwheat grain merchants’ purchase quotations refer to US$0.71/kg, net grain, moisture 16%-17%. The moisture content of the new buckwheat was high in the initial stage, and the downstream demand started slowly. Before the end of the month, the number of new buckwheat in the production area will increase, and the yield and quality need to be paid attention to.

Organic Buckwheat Kernel

Mintec Global

DALIAN: In 2022, organic buckwheat kernels will be launched in mid-September. Manufacturers report that the moisture content of a small amount of harvest is too high at present, higher than 16%, and manufacturers need to control the moisture content below 15%. New inquiries from foreign buyers increased. However, the price is currently unstable, and it is recommended to wait until late September to start purchasing. The good news is that ocean freight rates have fallen. The appreciation of the dollar can stimulate exports. Continue to monitor weather changes and the harvest of new grains.

Current Market Price in China for Buckwheat Kernel

Product  Name Chinese buckwheat kernel Organic buckwheat kernel
Type conventional Organic
Moisture 15.5 % max 15.5 % max
Package 25kg paper bag 25kg paper bag
Purity 99.95% 99.95%
Loading 20mt /20GP 20mt /20GP
Fob Dalian Usd 1130-1160/mt Usd 1210-1250/mt
Delivery 20 days after the contract 20 days after the contract