Grains - Grains

Buckwheat: China reduces acreage

June 23, 2021 2:18 PM, Der AUDITOR
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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

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Nov 23, 2021
BEIJING/MOSCOW. Russia, Ukraine and Kazakhstan were able to increase their buckwheat production this year. Germany's imports, however, declined noticeably in the first month of this season. In China, prices remained stable.
Nov 22, 2021
BEIJING/KIEV. According to the latest data from the US Department of Agriculture, global millet production has been lower than expected. In China, market players have been able to agree on a price level.
Nov 4, 2021
BEIJING/MOSCOW. According to official estimates, Russia and Ukraine can both expect an increase in production. Ukrainian farmers are even said to have achieved the best crop in recent years. In China, meanwhile, buckwheat prices continue to rise.
Oct 19, 2021
BEIJING/KIEV. The US Department of Agriculture has reduced its estimate for global millet production in the 2021/2022 season by 4%. China's crop is now available in the market and in Ukraine the harvest process is almost complete.