Grains - Grains

Buckwheat: EU imports up by 15%

April 26, 2023 at 3:55 PM , Der AUDITOR
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BEIJING/KYIV. Sowing for the 2023 buckwheat crop is underway in Ukraine. Meanwhile, the Chinese market is under pressure due to import bans and the EU also increased its imports noticeably last year.

270 ha of buckwheat sown

Shipments of European buckwheat arrive regularly in China, with ports in Tianjin and Manjur being the main ports of call. Imports are putting pressure on the domestic market, as import prices are more attractive. Meanwhile, sufficient goods from the domestic crop are still available on the market, but demand here is limited. Prices could therefore decline further in the coming weeks. Conventional hulled buckwheat is currently offered for USD 1,130/mt FOB Dalian, for organic quality the offers are at a level of USD 1,210/mt FOB Dalian.

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