Price for Buckwheat, Millet and Canary Seed; Other Cereals in Brazil - 2024
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (CIF) - 2024
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (CIF) - 2024
The average import price for buckwheat, millet and canary seed; other cerealses stood at $582 per ton in January 2024, waning by -15.1% against the previous month. In general, import price indicated a modest increase from January 2023 to January 2024: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for buckwheat, millet and canary seed; other cerealses decreased by -37.4% against November 2023 indices. The most prominent rate of growth was recorded in November 2023 an increase of 51% month-to-month. As a result, import price reached the peak level of $929 per ton. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($2,423 per ton), while the price for Argentina ($476 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Peru (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $717 per ton, picking up by 14% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for buckwheat, millet and canary seed; other cerealses increased by +56.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 117% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($2,679 per ton), while the average price for exports to Japan ($651 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+196.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil
In 2022, after three years of growth, there was significant decline in purchases abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -6.8% to 35K tons. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 38K tons, and then declined in the following year.
In value terms, imports of buckwheat, millet and canary seed; other cerealses amounted to $22M in 2022. Over the period under review, imports showed a relatively flat trend pattern.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 8.9 | 8.6 | 12.7 | 15.6 | 20.6% |
| Peru | 3.7 | 2.7 | 2.1 | 2.0 | -18.5% |
| Bulgaria | N/A | N/A | 1.5 | 1.5 | 0.0% |
| Canada | 8.0 | 7.7 | 3.0 | 0.8 | -53.6% |
| Others | 1.3 | 0.8 | 0.6 | 1.8 | 11.5% |
| Total | 21.9 | 19.8 | 19.8 | 21.6 | -0.5% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Brazil in 2022:
- Argentina (29.4K tons)
- Bulgaria (2.7K tons)
- Peru (1.1K tons)
- Canada (1.0K tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil
In 2022, approx. 3.4K tons of buckwheat, millet and canary seed; other cerealses were exported from Brazil; increasing by 22% compared with 2021 figures. The total export volume increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of buckwheat, millet and canary seed; other cerealses surged to $2.5M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 498 | 1,304 | 1,484 | 2,100 | 61.6% |
| Argentina | 0.9 | 0.4 | 203 | 166 | 469.2% |
| Paraguay | 8.8 | 18.8 | 21.0 | 118 | 137.6% |
| South Africa | 476 | N/A | N/A | N/A | 0% |
| Turkey | 101 | 90.8 | N/A | N/A | -10.1% |
| Others | 61.9 | 55.9 | 52.2 | 77.6 | 7.8% |
| Total | 1,147 | 1,470 | 1,760 | 2,462 | 29.0% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Brazil in 2022:
- Japan (3223.9 tons)
- Paraguay (112.8 tons)
- Argentina (62.0 tons)
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