DALIAN: After the Spring Festival, farmers’ don’t have enough willingness to sell grain, and it is difficult for grassroots to store grain. The downstream demand is in the early stage, and there is less volume in the market. Some grain merchants sell sporadically, mainly to consume the previous inventory, and the price of millet is temporarily extended before the Spring Festival.
Xiaomi exporters do not have much inventory, and they focus on replenishing after returning to the market. This week, the price is mainly stable. With the improvement in domestic market demand, producers may have a certain need to replenish inventories. Zhuochuang Information believes that grain prices will be well supported by the end of February. Individual varieties do not rule out the possibility of a slight rebound and pay attention to changes in domestic and foreign market demand and the mentality of agricultural and grain merchants.
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 | Usd1340-1370/mt |
| Delivery | 25 days after signing the contract |