Buckwheat in Russia is getting cheaper for the second year in a row – experts

Buckwheat prices in Russia have been falling for the second year in a row, according to a study by the analytical resource "Check Index" of the company "OFD Platform" for RIA Novosti. This is due to a record harvest of 2022-2023 and a large volume of reserves, with the median price for 1 kg of cereal being 3% lower than the previous year. Despite a 5% increase in purchases, the stable prices are expected to continue until the end of the quarter or the first half of the year due to the high supply volume.

This is facilitated by a record harvest of the crop Prices for buckwheat in Russia have been falling for two years in a row, according to a study by the analytical resource "Check Index" of the company "OFD Platform" for RIA Novosti. "Thanks to the record harvest of 2022-2023 and a large volume of reserves, prices for buckwheat have been falling for two years in a row. The median price for 1 kg of cereal was 81 rubles, which is 3% lower than last year at the same time," analysts cited data after studying average receipts for the period from January 1 to February 15 of this and last year. The median price is the price of the average product in the sample: half of the prices of goods from the sample are below this value, half are above it. At the same time, the number of buckwheat purchases, as the researchers found, was 5% higher compared to the year-on-year. The main reason for such price dynamics, ...