Inner Mongolia: In October, the new buckwheat in the production area was launched, and downstream demand has started. With the increase in circulation, the price has continued to rise and adjust. After the price fell to the low end in October, the market showed staged behaviour of suppressing goods, and the cost of buckwheat rose in two rounds.
As of October 26, suppliers of sweet buckwheat grains in Baotou and Wuchuan, Inner Mongolia, quoted 0.82 USD/kg, net grain and moisture content of about 16%. The price increased by 0.14 USD/kg from the beginning of the month, a cumulative increase of 20.93% and a year-on-year decrease of 5.45%. This week, the export price is 1.170-1.190 US dollars per ton. Exporters have an excellent opportunity to export and pay more attention to market changes.
Current Market Price in China for buckwheat kernel
|Product Name||Chinese Buckwheat kernel|
|Moisture||15.5 % max|
|Package||25kg paper bag|
|Fob Dalian||Usd 1170-1190/mt|
|Delivery||20 days after the contract|
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