Price for Buckwheat, Millet and Canary Seed; Other Cereals in France - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in France (FOB) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in France (CIF) - 2022
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in France
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in France
Price for Buckwheat, Millet and Canary Seed; Other Cereals in France (FOB) - 2023
In October 2023, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $580 per ton, picking up by 74% against the previous month. Over the period under review, export price indicated a tangible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for buckwheat, millet and canary seed; other cerealses increased by +74.0% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Switzerland ($728 per ton), while the average price for exports to the UK totaled $458 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in France (CIF) - 2022
In 2022, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $1,112 per ton, jumping by 32% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 53%. The import price peaked at $1,667 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bolivia ($2,419 per ton), while the price for Spain ($455 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in France
For the fourth year in a row, France recorded growth in overseas shipments of buckwheat, millet and canary seed; other cerealses, which increased by 81% to 275K tons in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of buckwheat, millet and canary seed; other cerealses skyrocketed to $103M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 10.5 | 11.6 | 13.5 | 40.9 | 57.3% |
| Belgium | 22.1 | 14.8 | 17.1 | 22.7 | 0.9% |
| Netherlands | 5.1 | 4.7 | 5.1 | 14.1 | 40.4% |
| Italy | 4.5 | 6.2 | 5.5 | 11.5 | 36.7% |
| Germany | 3.2 | 2.7 | 7.0 | 4.2 | 9.5% |
| United Kingdom | 2.8 | 2.6 | 1.3 | 2.5 | -3.7% |
| Portugal | 1.1 | 0.8 | 2.0 | 1.9 | 20.0% |
| Others | 4.4 | 4.2 | 5.6 | 4.8 | 2.9% |
| Total | 53.8 | 47.6 | 57.1 | 103 | 24.2% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from France in 2022:
- Spain (121.1K tons)
- Belgium (58.6K tons)
- Netherlands (41.7K tons)
- Italy (32.3K tons)
- Germany (9.3K tons)
- United Kingdom (5.5K tons)
- Portugal (4.8K tons)
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in France
In 2022, after three years of growth, there was significant decline in supplies from abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -42.7% to 33K tons. Overall, imports saw a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 46%.
In value terms, imports of buckwheat, millet and canary seed; other cerealses declined remarkably to $37M in 2022. Over the period under review, imports recorded a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year. As a result, imports reached the peak of $49M, and then contracted rapidly in the following year.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.9 | 6.3 | 6.2 | 5.2 | 10.1% |
| Peru | 8.9 | 5.5 | 4.0 | 4.5 | -20.3% |
| Bolivia | 10.3 | 5.6 | 4.7 | 4.2 | -25.8% |
| Lithuania | 2.5 | 3.8 | 4.0 | 3.9 | 16.0% |
| Netherlands | 2.5 | 5.1 | 3.8 | 3.2 | 8.6% |
| Italy | 2.1 | 3.6 | 4.1 | 3.0 | 12.6% |
| Germany | 1.8 | 1.7 | 3.2 | 2.8 | 15.9% |
| Spain | 2.5 | 4.5 | 6.6 | 2.5 | 0.0% |
| Poland | 3.5 | 4.3 | 4.4 | 2.0 | -17.0% |
| United Kingdom | 0.6 | 0.8 | 0.7 | 1.5 | 35.7% |
| Others | 4.2 | 4.6 | 7.8 | 4.4 | 1.6% |
| Total | 42.9 | 45.8 | 49.3 | 37.2 | -4.6% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to France in 2022:
- Belgium (6.4K tons)
- Spain (5.6K tons)
- Netherlands (3.8K tons)
- Lithuania (3.6K tons)
- Germany (2.2K tons)
- Peru (2.1K tons)
- United Kingdom (1.9K tons)
- Bolivia (1.7K tons)
- Italy (1.2K tons)
- Poland (1.0K tons)
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The most notable growth rate was observed in September 2023 with millet exports increasing by 109% month-to-month. However, millet exports decreased significantly to $189K in value terms in October 2023.
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In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
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