Grains - Grains

Buckwheat: optimistic prospects in China

August 2, 2023 at 12:18 PM , Der AUDITOR
Play report as audio

DALIAN. In China, the buckwheat crop is developing well, according to reports. Meanwhile, German imports increased by a whopping 55% in May 2023.

Sufficient moisture

The Chinese buckwheat market remains quiet, with supply and demand remaining manageable outside the peak season. Sowing should be largely complete by now and the outlook for the coming crop is optimistic. According to market players, the fields are sufficiently moist and the plants are already stretching their heads towards the sun.

Prices are currently under pressure because there is a lack of demand for buckwheat and buckwheat products not only from overseas but also domestically. Hulled buckwheat declined by USD 60/mt last month to USD

View related articles

Go to the News Overview
Nov 1, 2023
DALIAN/KYIV. Harvesting is nearing completion in Ukraine. Weak demand for millet is giving rise to concerns in China and shipments to Germany have declined.
Oct 30, 2023
DALIAN/KYIV. Buckwheat prices have declined sharply in China in recent weeks, but trading is relatively subdued. Harvesting is nearly complete in Ukraine.
Oct 11, 2023
DALIAN/GDANSK. As the Chinese millet market is in the low season, there is little buying interest and hardly any trading is taking place. This is also reflected in the prices. In Poland, meanwhile, the construction of the first grain port is planned.
Oct 11, 2023
DALIAN/KYIV. Ukraine's president Volodymyr Zelensky announced a new grain corridor on 10 October. Intention is that shipments will pass through Moldova to Romania and enable Ukraine to supply the world market with grains. Focus has shifted towards the new crop in China and prices are up.