Chinese Hulled Millet: Contradiction Between Supply and Demand

DALIAN: Most of the production areas have about 30% of the grass-roots grain sources, and there is a certain amount of inventory in the intermediate links. The contradiction between supply and demand in the off-season market persists. In mid-to-late June, the rise of millet in Northeast China was separated from the supply and demand side, and the main reason was that grain merchants generally kept prices up. This week, the enthusiasm for inventory in the market has subsided, and the price of millet lacks upward momentum. However, farmers are reluctant to sell, and grain merchants are still in a state of high prices. In the short term, millet may be in a stable period, and attention should be paid to the operation of market players and changes in downstream demand.

Current Market Price in FOB China for Chinese hulled millet