News & Updates

Chinese organic buckwheat kernels: New crop low prices?

by | Jul 12, 2021 | Buckwheat, Grain

DALIAN – According to the latest survey by market participants in the Chinese producing areas, the planting of organic buckwheat increased in 2021. The planting area of organic buckwheat in Inner Mongolia has increased by 20% compared with 2020, with Shaanxi and Shanxi being the same as last year.

Export prices declined this week due to weak summer slack orders, down USD 65 per ton compared to mid-April when the prices reached the top of almost USD 1400. This week quotations are around  USD 1.310 /mt FOB Dalian Exporters forecast the new buckwheat crop at around USD 1.150 /mt in 2021.

If the shipping markets in Europe and the United States improve, they will lead to new export opportunities. Currently, exporters have received feedback on inquiries from buyers in the United States, Canada, the Netherlands, Germany, Belgium, Spain, and Italy, waiting for the arrival of the new crop.

Current market price in China for organic buckwheat kernels

Product Name Organic buckwheat kernels
Type Organic
Moisture 15.5 % max
Package 25kg paper bag
Purity 99.95%
Loading 20mt /20GP
FOB Dalian USD 1.310 /mt