DALIAN: According to preliminary research by Zhuochuang Information, the planting area of the new millet may decrease by about 30% year on year. The planting of new millet in Shanxi has basically been completed, and the moisture content is good. The grain source in most production areas is 30-40%, and the intermediate link inventory accounts for about 10%. In addition, the old grain will be carried over in 2020, and the market supply pressure still exists. How the price of millet fluctuates in the short term is related to the rainfall in the production area and the actual decrease in the area of new millet. If there is sufficient rainfall around the end of the month, it will be conducive to the emergence and growth of new millet. After the busy farming season is over, farmers and grain merchants may dispose of old grain stocks, and prices will be at risk of falling.
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 |