Chinese Buckwheat kernel: Traders suppressed goods, causing prices to rise

Mintec Global
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Inner Mongolia: Market participants reported that current market demand has improved, export orders have increased, traders have severely suppressed goods, and the price of new buckwheat in the producing areas has risen moderately. Farmers who have continued to fall in price in the early stage are reluctant to sell, and it is more difficult to sell goods at the grassroots level.

The downstream demand is gradually improving, and some factories in Shaanxi and Inner Mongolia are progressively reducing the number of goods. Due to heavy rainfall, the moisture content of new grains is relatively high in most areas, and the source of marketed grains is limited. Focus on downstream demand and changes in the mentality of market entities. The market predicts that before the Russian buckwheat arrives, the risk of domestic buckwheat prices falling is relatively small, and the trend of continuing to rise is evident.

Current Market Price in China for buckwheat kernel

Product NameChinese Buckwheat kernel
Moisture15.5 % max
Package25kg paper bag
Loading20mt /20GP
Fob DalianUsd 1090/mt
Delivery20 days after the contract