DALIAN: Before the Spring Festival, there was no centralized replenishment of Xiaomi, and the new export orders of rice factories were insufficient. The price of raw grain was weak, and the price of rice fell back with the trend. Some of them continue to consume the previous inventory. The current processing profit is damaged because the cost price is higher than the market price. More than 60% of the grain sources are at the grassroots level in most production areas, and some grain merchants have appropriate stocks. In addition, the old grain was carried over from last year, and the market supply pressure is obvious. Terminal millet demand is weak, wholesalers are sluggish, and there is no enthusiasm for replenishment before the Spring Festival. The operating rate of rice factories across the country is low, and the holiday begins in about a week. Raw grain is insufficient, and the pre-inventory is mainly consumed.
Current Market Price in FOB China for Chinese Hulled Millet
| Product Name | Chinese Hulled Millet |
| Purity | 99.95 % |
| Moisture | 10 % max |
| Package | 25 kg paper bag |
| FOB Dalian | Usd 1340-1370 / mt |
| Delivery | 25 days after signing the contract |