Chinese Organic Hulled Millet: Prices are at Risk of Downside

DALIAN: The overall price of organic millet is weak this week, the quality of the supply is different, and there are differences in the quotations of the same variety. Farmers who are short of money are more motivated to ship goods, and the difficulty of loading goods at the grassroots level is reduced. Before the Spring Festival, it is difficult for organic millet exporters to concentrate on replenishment in the market. The factories will be on holiday in about a week, and the raw grains will mainly be destocked before production is suspended. There may still be a downside risk in grain prices next week. With the reduction of market trade activity, some varieties will not have clear quotations.

Current Market Price in China for Organic Hulled Millet