Grains - Grains

Buckwheat: Chinese prices come under pressure

December 2, 2021 12:29 PM, Der AUDITOR
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BEIJING. With the arrival of the Eastern European crops on the market, Chinese market players expect increased price pressure. Prices have already fallen slightly compared to last week.

Freight costs deter buyers

In the Chinese buckwheat market, both commodity and export prices remain high, although they are slightly lower than last week. According to market players, this is mainly due to relatively low demand. Exporters in particular are reporting fewer orders, which is hardly surprising; the high freight rates of at least USD 400/mt for shipments to the EMP are deterring buyers, and things are hardly looking any better for shipments to the USA. Prices for hulled conventional buckwheat from China are currently at USD 1,270/mt FOB Da

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