From January to April, Russian buckwheat has a price advantage and continues to be imported through Manzhouli. At present, the port pick-up price refers to about 5800 yuan/ton—the higher the moisture, the lower the price. Thus, the high import volume helped keep the cost of Chinese organic buckwheat kernel stable. Still, market participants learned that the Russian government approved a ban on the export of buckwheat, broken buckwheat and shelled buckwheat from June 5 to August 31 to safeguard food security in Russia.
Port brokers increase because of this informations their import efforts. However, the primary grain source in the producing area is limited. If the Russian buckwheat cannot be imported from Russia from June to August, the price of organic buckwheat will further increase.
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 1350/mt|
|Delivery||20 days after the contract|