Grains - Grains

Buckwheat: export orders are delayed

February 6, 2024 at 4:49 PM , Der AUDITOR
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DALIAN. High freight costs are making buckwheat trade difficult for Chinese exporters. In addition, domestic demand also leaves much to be desired.

Domestic demand weakens

Due to the situation in the Red Sea, export orders for Chinese buckwheat are piling up. Because of the existing risks and longer shipping times, freight costs have risen significantly in recent weeks, making business more difficult. Market players are also reporting that domestic demand is lower than expected. As a result, trading activity is comparatively low overall. In addition, China is importing plenty of buckwheat, as the prices for foreign goods are much more attractive.

Conventional Chinese buckwheat, hulled, is currently being traded at export prices of USD 930/mt FOB Dalian, while offers for organic buckwheat are at a level of USD 1,040/mt FOB.

Buckwheat, hulled, China

99.9% purity

USD/mt

Conventional

930

Organic

1,040

FOB Dalian

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price chart, organic buckwheat, China
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price chart buckwheat, hulled, China

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