Grains - Grains

Buckwheat: drought causes prices to rise

September 23, 2021 9:53 AM, Der AUDITOR
Play report as audio

BEIJING/KIEV. The buckwheat harvest continues to progress. In China, drought and good demand are driving up prices. Meanwhile, Germany has increased its imports by 50% year-on-year.

Harvest is progressing

Many growing countries are still in the middle of this year's buckwheat harvest. In Ukraine, a good half of the cultivated buckwheat area has already been harvested. With an average yield of 1.34 mt/ha, 62,600 mt of buckwheat have been harvested so far. Meanwhile, Chinese market players report that the drought has severely affected the crops in the north-western growing regions, and that in some cases there is not even enough to harvest in the fields to make the effort worthwhile. At the same time, there are reports of increasin

View related articles

Go to the News Overview
Jun 2, 2022
BEIJING/KYIV. Buckwheat is the noted exception in Ukraine at present since this is one of the few commodities for which a rise on sowing has been witnessed. The market, however, hardly dares to speculate on production. China has stepped up imports, which has impacted prices.
Jun 2, 2022
BEIJING/KYIV. Although sowing is underway in Urkaine, acreage will range much lower for millet. Sowing has also declined in China. Suppliers will, nevertheless, do their best to sell their stocks.
More News
May 18, 2022
FRANKFURT/WASHINGTON DC. While Ukraine won the Eurovision song contest on Saturday, the G7 leaders see little cause to celebrate as they warn that Russia is deliberately giving rise to a global food and energy crisis that may cause 50 million people to be confronted with hunger. They also condemn India’s sudden export ban for wheat. Yet, the 2022/2023 projections for wheat in the United States Department of Agriculture’s (USDA) recently issued World Agricultural Supply and Demand Estimates (WASDE) are rather on the optimistic side of things.
May 11, 2022
LIMA/SUCRE. The quinoa market is facing the same problems as all other agricultural products; higher production costs are causing declining cultivation figures in South America. There are, however, not always alternatives for growers.