Quality or Price? Intense Competition in the Buckwheat Market

Dalian – As of the end of September, the collection of new grain has begun, with imported buckwheat prices remaining low. Market feedback indicates that buckwheat prices have declined in several regions across China. However, some areas, supported by the cost of sales at lower prices, have seen stabilization in pricing. The market is currently pricing buckwheat based on quality.

Domestic Supply and Import Influence

While China’s domestic buckwheat supply remains sufficient, the low prices of imported buckwheat are creating a noticeable price advantage. This has led to an increase in demand for imported buckwheat this year, as buyers seek more cost-effective options.

Buckwheat Planting Area Decline

Despite the current supply levels, China’s buckwheat planting area is expected to decline this year. However, market participants should continue to monitor the impact of imports on domestic production and pricing trends.

Pricing Based on Quality

Buckwheat, along with its downstream products, is primarily priced according to quality. With the growing presence of imported buckwheat in the market, maintaining quality standards will be key for domestic producers looking to stay competitive.