Price for Buckwheat, Millet and Canary Seed; Other Cereals in the United States - 2023
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in the United States (CIF) - 2023
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in the United States (FOB) - 2023
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in the United States
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in the United States
Price for Buckwheat, Millet and Canary Seed; Other Cereals in the United States (CIF) - 2023
The average import price for buckwheat, millet and canary seed; other cerealses stood at $2,103 per ton in December 2023, with an increase of 10% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 27% against the previous month. The import price peaked in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($2,623 per ton), while the price for Russia ($816 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Peru (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in the United States (FOB) - 2023
The average export price for buckwheat, millet and canary seed; other cerealses stood at $802 per ton in December 2023, picking up by 8.8% against the previous month. Over the period under review, the export price, however, saw a pronounced setback. The growth pace was the most rapid in August 2023 when the average export price increased by 17% m-o-m. The export price peaked at $1,062 per ton in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,370 per ton), while the average price for exports to Indonesia ($376 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in the United States
In 2022, supplies from abroad of buckwheat, millet and canary seed; other cerealses decreased by -13% to 57K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 18%. As a result, imports reached the peak of 67K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of buckwheat, millet and canary seed; other cerealses totaled $103M in 2022. In general, imports saw a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 6.4%. As a result, imports reached the peak of $127M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 48.9 | 44.4 | 33.9 | 35.1 | -10.5% |
| Bolivia | 40.3 | 46.3 | 22.9 | 27.9 | -11.5% |
| Canada | 13.5 | 16.5 | 21.2 | 22.1 | 17.9% |
| Russia | 1.7 | 2.3 | 2.1 | 4.0 | 33.0% |
| India | 4.1 | 2.8 | 3.9 | 3.8 | -2.5% |
| South Africa | 1.8 | 2.4 | 1.9 | 1.9 | 1.8% |
| China | 0.9 | 1.4 | 1.3 | 1.5 | 18.6% |
| Others | 7.7 | 10.4 | 13.3 | 6.6 | -5.0% |
| Total | 119 | 127 | 101 | 103 | -4.7% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to the United States in 2022:
- Canada (20.4K tons)
- Peru (14.5K tons)
- Bolivia (12.3K tons)
- Russia (2.4K tons)
- India (2.0K tons)
- South Africa (1.2K tons)
- China (1.0K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in the United States
After two years of decline, overseas shipments of buckwheat, millet and canary seed; other cerealses increased by 15% to 84K tons in 2022. In general, exports, however, recorded a abrupt setback.
In value terms, exports of buckwheat, millet and canary seed; other cerealses dropped modestly to $84M in 2022. Overall, exports, however, showed a abrupt decline.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 19.3 | 18.4 | 15.0 | 16.5 | -5.1% |
| Indonesia | 32.2 | 25.1 | 15.5 | 15.2 | -22.1% |
| Japan | 15.5 | 12.9 | 12.7 | 14.0 | -3.3% |
| Mexico | 2.9 | 3.5 | 6.5 | 4.8 | 18.3% |
| Philippines | 2.7 | 3.1 | 1.2 | 3.6 | 10.1% |
| Malaysia | 2.5 | 2.3 | 1.3 | 2.3 | -2.7% |
| South Korea | 2.4 | 2.5 | 2.2 | 2.1 | -4.4% |
| Others | 38.1 | 35.9 | 30.1 | 25.0 | -13.1% |
| Total | 116 | 104 | 84.6 | 83.5 | -10.4% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from the United States in 2022:
- Indonesia (25.1K tons)
- Japan (17.6K tons)
- Canada (14.1K tons)
- Mexico (6.0K tons)
- Philippines (5.7K tons)
- Malaysia (3.8K tons)
- South Korea (1.8K tons)
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