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The cost of buckwheat in wholesale is reduced due to low demand in Russia

Buckwheat
Russia
Published May 28, 2022

Tridge summary

Having reached highs at the end of March, wholesale prices for buckwheat began to fall. By May 20, buckwheat fell in price by 13%, to 81.32 thousand rubles per ton, primarily due to low demand after rush purchases for future use at the beginning of the crisis. Exports of products also decreased - domestic prices remain more attractive than external ones, especially against the backdrop of complications and rising costs of logistics.

Original content

Having reached highs at the end of March, wholesale prices for buckwheat began to fall. By May 20, buckwheat fell in price by 13%, to 81.32 thousand rubles. per ton, primarily due to low demand after rush purchases for future use at the beginning of the crisis. Exports of products also decreased - domestic prices remain more attractive than external ones, especially against the backdrop of complications and rising costs of logistics. Experts believe that the trend may continue for a month or two, but not longer, since there is no real excess of buckwheat on the market. Kommersant got acquainted with the data of the Institute for Agricultural Market Studies (IKAR), according to which the average wholesale prices for buckwheat began to decline after reaching a maximum of 93.25 thousand rubles. per ton at the end of March. By May 20, prices fell by almost 13%, to 81.32 thousand rubles. per ton. This roughly corresponds to the level of last November and is 23.1% higher than the cost ...
Source: Milknews
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