Buckwheat: China reduces acreage

June 23, 2021 at 2:18 PM , Der AUDITOR
Play report as audio

BEIJING. The comparatively low demand is not without consequences for the Chinese buckwheat market. Despite the suppliers' restraint tactics, rising prices are not on the cards for the time being and the acreage has been reduced compared to last year.

Exporters hope for firm prices

As market players report, traders are holding back good quality raw materials, plus there is the temporary export ban from Russia and other member states of the Eurasian Economic Union. Nevertheless, prices are stable, with offers for Chinese organic buckwheat stabilising at a level of USD 1,420/mt FOB Dalian, while conventional buckwheat is trading for USD 1,240/mt FOB. This is due to the lack of demand from within China and overseas. According to further reports, China's acreage this year is 5-8% smaller

View related articles

Go to the News Overview
Organic Commodities
Nov 12, 2024
ASUNCIÓN. As yields dropped to shockingly low levels for chia seeds in South America, the new season started off with a shock for the market. Silver lining is that things may change in December.
Grains
Oct 31, 2024
DALIAN/KYIV. Smaller acreages are causing a significant drop in production in Ukraine. Meanwhile, the EU was able to increase its total imports by 12% thanks to increased shipments from Kazakhstan.
Grains
Oct 30, 2024
DALIAN/KYIV. The new crop is causing prices to fall in China. In Ukraine, the average yield per hectare of the 2024 millet crop has fallen by 18% compared to last year.
Grains
Oct 17, 2024
LIMA. Favourable weather conditions and larger acreages led to an increase in quinoa production in Peru this year. In some regions, the crop was 85-90% larger than last year.