Inner Mongolia: Traders reported that the grass-roots ageing buckwheat in the production areas is insufficient. Most farmers are unwilling to wash and sell, which is positive support for the price of buckwheat.
The drought in western Inner Mongolia, Shanxi, and Shaanxi was relieved after the rain, but the previous drought lasted long. The new buckwheat still has a strong expectation of production reduction. The new buckwheat harvest time in Wuchuan and Baotou may be postponed to early September. The Zhuo Chuang Information believes that the price of old grains will not rise in the short-term and continues to pay attention to the growth of new buckwheat and the changes in the mentality of market players.
Current Market Price in China for buckwheat kernel
|Product Name||Buckwheat kernel|
|Moisture||15.5 % max|
|Package||25kg paper bag|
|Fob Dalian||Usd 1220/mt|
|Delivery||20 days after the contract|
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