Chinese Organic Hulled Millet: Market downturn, increasing pressure on inventory

Spread the news!

DALIAN: The price of organic Millet nationwide was weak this week. Downstream demand is weak, grain merchants are slow to deliver goods, and the phenomenon of stoppages is common, and some tentative purchases are held at low prices.

There is a backlog of stocks in the intermediate links, and the enthusiasm of holders to sell grain has increased. If there is no improvement in downstream demand in the short term, some millet prices may still have a low risk, and some varieties may be priceless. Suppose there is a periodical replenishment in the market.

Mintec Global

Current Market Price in China for organic hulled Millet

Product Name Organic hulled Millet
Purity 99.95%
Moisture 10% max
Package 25kg paper bag
FOB Dalian Usd1420-1470/mt
Delivery 25  days after signed the contract