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Buckwheat: Eurasian Economic Union decides on export quotas

June 17, 2021 11:27 AM, Der AUDITOR
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MOSCOW/BEIJING. As previously announced, Russia has stopped the export of buckwheat, buckwheat groats and buckwheat flakes as of 5 June 2021 until 31 August 2021.

Due to high demand in the international market, the country exported almost 90,000 mt of buckwheat in the first nine months of this season, more than double the average export volume of the past five years. At the same time, however, the crop was about 15% smaller. In order to secure the domestic market, it was therefore decided to pause exports at the beginning of May. Building on this, the Eurasian Economic Union has now set export quotas for buckwheat shipments outside the EAEU for certain countries. With an export quota of zero, shiptments from Armenia, Belarus and Kyrgyzstan have thus been temporarily suspended in addition to Russia, while the export quota for shipments from Kazakhstan is 4,200 mt, which is more generous than the originally envisaged 3,500 mt.

Buckwheat* exports, EU country to EU, in mt

Country

2019

2020

Diff.

Lithuania

22,209

16,441

-26.0%

Poland

12,694

15,739

24.0%

Latvia

11,342

6,492

-42.8%

Germany

2,347

2,467

5.1%

Netherlands

2,416

2,277

-5.8%

Czech Republic

1,342

1,590

18.5%

Italy

8,618

640

-92.6%

Others

7,785

5,019

-35.5%

Total

68,753

50,665

-26.3%

European Commission

*10081000 Buckwheat

EU increases imports from Russia by 135%

Buckwheat trade within the EU declined markedly last year, from 68,753 mt to 50,665 mt. According to data from the European Commission, this is mainly due to lower shipments from Lithuania and Latvia. At the same time, Poland moved more into the focus of the customer countries. Meanwhile, Russia as a third country is by far the most important buckwheat supplier for the EU. In 2020, 11,725 mt of the total 17,170 mt imported came from Russia, which represented an increase of 134% compared to 2019. China is also one of the most important exporters for the EU, with around 1,650 mt shipped annually. However, due to high freight rates, export prices for Chinese buckwheat to the EMP increased dramatically this year, while prices at origin are at a level of USD 1,240/mt FOB Dalian.

Buckwheat, China

Type

USD/mt

Hulled

1,240

Roasted

1,210

Organic, hulled

1,420

Organic, roasted

1,420

FOB Dalian

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price chart, organic buckwheat, China
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