DALIAN: This week, the price of millet in Northeast China was stable and weak. The staged suppression of goods in the market has ended, downstream demand has shrunk, and grain merchants have stopped receiving or purchasing at lower prices. All aspects of the market have entered the stage of destocking. Before the end of the month, there may be a slight correction in local valley prices, but there will be no trend decline.
The new millet is sown in the spring, and the local moisture is not good enough to require rainfall. Pay attention to the weather changes in the production areas and the actual decrease in the area of new grains. This will affect the mentality and operation of the market players and thus affect the fluctuation of grain prices.
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 | Usd1280-1320/mt |
| Delivery | 25 days after signing the contract |