Inner Mongolia: Market participants reported that the harvesting of new buckwheat in the producing area has ended. This week’s weather will be clear for drying new grains, and the available grain sources will increase.
The periodical behaviour of suppressing goods in the market is over, the inventory in the intermediate links increases, and the holders temporarily hold the mentality of high prices. Downstream deposits must be just in demand, which will temporarily support costs, and prices will rise. This week, the export price of high-quality buckwheat rice to European and American standards is 1140-1170 US dollars per ton. Concerned about the changes in downstream demand and the mentality of market entities, the market risk of the Russian buckwheat is relatively tiny before the arrival of the goods.
Current Market Price in China for buckwheat kernel
|Product Name||Chinese Buckwheat kernel|
|Moisture||15.5 % max|
|Package||25kg paper bag|
|Fob Dalian||Usd 1140-1170/mt|
|Delivery||20 days after the contract|
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