DALIAN: In 2022/2023, with 40 percent of the basic millet source, coupled with the old grain carried forward in 2021/2022, the market supply seems sufficient. In early May, the overall grain prices in the producing areas stabilized. Due to the continued fall in grain prices in early April, farmers gradually developed a mindset of resistance.
Farmers are now busy planting corn and millet, without enough time to sell grain which makes it more difficult to get goods at the grass-roots level. As the national temperature continues to rise, eating habits and storage conditions are not conducive to millet sales. After the end of sowing in June, the volume of goods at the basic level will increase. Under the influence of the pattern of strong supply and weak demand, the price of millet may be at risk of decline.
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 | Usd1200-1220/mt |
| Delivery | 25 days after signing the contract |
Current Market Price in China for Organic Hulled Millet
| Product Name | Organic hulled Millet |
| Purity | 99.95% |
| Moisture | 10% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd 1240-1260/mt |
| Delivery | 25 Days after signing the contract |
Import/Export Statistics
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