DALIAN: Market participants reported that the northeast organic buckwheat producing area has been raining enough recently, and the new buckwheat is blooming. The overall growth is good. Baotou and Wuchuan new grains can be harvested and listed in about half a month.
However, the severe drought in Shaanxi-Gansu-Ningbo continued, the growth of new buckwheat was not good, the expected production reduction was strong, and some plots had no harvest. The grass-roots ageing grains are insufficient, and farmers are generally reluctant to sell them.
The price of domestic buckwheat remains high. Zhuo Chuang Information believes that there is no risk of falling buckwheat prices in the short term. Pay attention to the rainfall in the producing areas, the growth of new grains, and the changes in the mentality of market entities before the end of the month.
Current Market Price in China for organic buckwheat kernel
|Product Name||Organic buckwheat kernel|
|Moisture||15.5 % max|
|Package||25kg paper bag|
|Fob Dalian||Usd 1310/mt|
|Delivery||20 days after the contract|
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