Price for Buckwheat, Millet and Canary Seed; Other Cereals in Qatar - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Qatar (CIF) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Qatar
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Qatar (CIF) - 2023
In October 2023, the average import price for buckwheat, millet and canary seed; other cerealses amounted to $828 per ton, picking up by 22% against the previous month. Overall, the import price recorded a temperate increase. The growth pace was the most rapid in November 2022 an increase of 85% m-o-m. The import price peaked at $1,020 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Peru ($3,299 per ton), while the price for India ($368 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (+4.1%), while the prices for the other major suppliers experienced a decline.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Qatar
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses was finally on the rise to reach 3.1K tons after two years of decline. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of buckwheat, millet and canary seed; other cerealses skyrocketed to $1.8M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 583 | 335 | 356 | 607 | 1.4% |
| Peru | 132 | 145 | 151 | 292 | 30.3% |
| Russia | 60.6 | 41.1 | 27.4 | 259 | 62.3% |
| Ukraine | 246 | 305 | 384 | 124 | -20.4% |
| Pakistan | 33.5 | 40.4 | N/A | 70.2 | 28.0% |
| Poland | N/A | N/A | N/A | 57.8 | 0% |
| Turkey | N/A | N/A | N/A | 26.8 | 0% |
| Moldova | 32.6 | 118 | N/A | N/A | 262.0% |
| Others | 302 | 162 | 154 | 382 | 8.1% |
| Total | 1,390 | 1,147 | 1,073 | 1,819 | 9.4% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Qatar in 2022:
- India (1573.9 tons)
- Russia (655.2 tons)
- Ukraine (345.7 tons)
- Pakistan (243.6 tons)
- Turkey (79.5 tons)
- Peru (71.9 tons)
- Poland (65.0 tons)
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Imports of Millet reached their highest point and are expected to continue growing in the near future. In terms of value, millet imports soared to $112K in July 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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