Chinese Buckwheat Kernel: Stable Prices Before the Spring Festival

Inner Mongolia/Dalian: The price of domestic buckwheat is mainly stable. The grassroots grain sources are limited, and farmers are generally reluctant to sell them, making it more challenging to get the goods. The holders have a mentality of keeping prices. Russian buckwheat imports are not much and lack of price advantage. Multiple favourable factors supported the cost of buckwheat. It is expected that the actual arrival quantity will be small before the Spring Festival.

Short-term domestic buckwheat prices are unlikely to fluctuate significantly or adjust slightly according to supply and demand conditions and changes in the mentality of market entities. However, domestic demand is weak, exports are declining, and market transactions are limited. The price of domestic buckwheat may adjust slightly before the Spring Festival, and it is difficult to form a trend of fluctuations.

Current Market Price in China for buckwheat kernel