DALIAN: The demand for terminal millet is weak, the operating rate of rice factories across the country is low. The consumption of raw grain is shrinking, a small amount of inventory is mainly consumed, and the transaction volume of upstream and downstream is small. The grassroots grain source in most production areas is about 25%, and farmers are reluctant to sell and hope for an increase, making it more difficult to load goods. There is a certain amount of inventory in the intermediate links. The holders of the goods have a strong price-defying mentality, and a few purchases at a staged price increase. At present, the change of grain price is out of the market supply and demand side. The short-term price has good support, and it may be adjusted slightly around the end of the month.
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 |