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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In August 2022, the buckwheat price per ton amounted to $703.2 (FOB, US), waning by -13.8% against the previous month.
In May 2022, the buckwheat price per ton amounted to $786 (FOB, US), increasing by 2.4% against the previous month.
Imports of Canary Seed decreased significantly to $446K in July 2023 in terms of value.
The quinoa price per ton stood at $2,267 (CIF, US) in May 2022, standing approx. at the previous month.
In August 2022, the millet price per ton amounted to $559, shrinking by -2.2% against the previous month.
In May 2022, the millet price per ton stood at $602 per ton in May 2022, with an increase of 4.6% against the previous month.
The revenue of the millet market in the U.S. amounted to $106M in 2018.
In February 2023, the price of cereal was $354 per ton (FOB US) - a decrease of -4.4% compared to the previous month.
Learn how to develop a successful market entry strategy for the U.S. grain market by conducting market research, complying with regulations, establishing strong partnerships, and leveraging market intelligence platforms.
In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.