Inner Mongolia: This week, new buckwheat sources continued to increase, and the price of domestic fresh buckwheat continued to pull back.
However, the initial moisture content is high, and the market has more significant risks. The downstream demand starts slowly, and exporters and processing plants operate cautiously. Importers are worried about excessive moisture and require exporters to reduce water to ensure safe shipments. Exporters predict that imported Russian buckwheat will be challenging to arrive before November and not impact the domestic market. The domestic market will usher in a peak demand season in October, which will support domestic buckwheat prices. It is predicted that in October, there is little room for buckwheat prices to fall November.
Current Market Price in China for buckwheat kernel
|Product Name||Buckwheat kernel|
|Moisture||15.5 % max|
|Package||25kg paper bag|
|Fob Dalian||Usd 1070/mt|
|Delivery||20 days after the contract|
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