Market Analysis
In Dalian, national millet prices have remained steady compared to the previous week. While local grain prices in producing regions experienced a slight uptick since March, the scenario is nuanced by weakened terminal millet demand and declining export sales. This trend has left rice prices lacking support, making it challenging for prices to sustain stability and prompting a narrowing of export profit margins.
Key Observations
Price Stability:Millet prices at the national level have shown resilience, maintaining stability despite fluctuations in local grain prices within producing areas.
Localized Price Increases: Since March, there has been a marginal increase in local grain prices in certain producing regions. This uptrend has contributed to rising raw grain purchasing costs for rice mills.
Weak Terminal Demand: Despite the slight uptick in localized grain prices, terminal demand for millet remains weak. This subdued demand dynamic has impeded the ability of rice prices to maintain a stable upward trajectory.
Decline in Export Sales: The millet market has witnessed a decline in export sales, further exacerbating the challenges faced by rice prices. This decline in export activity has led to narrowing profit margins in the export sector.
Market Outlook:
The current landscape suggests a delicate balance between stable national millet prices and weakened demand dynamics, particularly in the terminal market and export sector. As the market navigates these challenges, stakeholders will closely monitor developments to assess the trajectory of rice prices and export profitability in the coming weeks.
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 |
| Conventional FOB Dalian | USD 1160-1190/mt – EURO 1079-1107/mt |
| Organic FOB DALIAN | USD 1220-1250/mt – EURO 1135-1163/mt |
| Delivery | 25 days after signing the contract |