DALIAN: As of this week, new millets have been listed in Inner Mongolia, Shanxi, Jilin, Liaoning, Hebei, and other places one after another. Under the impact of new crop millet, prices in the production areas have fallen.
However, the domestic market is still inactive, and the market prefers low-priced millet. The export market is mainly in Southeast Asia, Europe, and some US markets. Importers stated that they are primarily Chinese supermarkets. Recently, the production area has been affected by rain and weather.
The operating rate of domestic rice mills is lower than that of the same period last year. The consumption of raw grains is limited, and most of the sources of goods enter the wholesale market. Importers said that the low price of Ukrainian millet has a significant impact on Chinese-made millet. This week’s export standard high-quality millet FOB TIANJIN OR DALIAN USD 1240-1270 USD per ton. The weather forecast shows that there will still be rain in the production areas in the future, which will affect the transportation, drying, and sales of new millets.
Current Market Price in FOB China for Chinese hulled millet
| Product Name | Chinese Hulled Millet |
| Purity | 99.95% |
| Moisture | 10% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd1240-1270/mt |
| Delivery | 25 days after signed the contract |