Dalian Millet Prices Expected to Decline Amid Weak Demand

Downward Trend in Grain Prices

Exporters in Dalian report a downward trend in grain prices in producing areas. This has led to a decrease in the cost of raw grain arrivals at rice mills, reflecting the broader market adjustments.

Weak Terminal Demand

Terminal demand for millet remains weak, with wholesalers showing sporadic interest and poor replenishment enthusiasm. This lack of demand is contributing to a challenging market environment for millet producers and sellers.

Low Rice Mill Operating Rates

The operating rate of rice mills is currently low, with some mills undergoing production halts or maintenance. This reduced activity is a response to both declining costs and shrinking demand, further influencing market dynamics.

Anticipated Price Decline

Given the combined effect of declining costs and weakened demand, exporters expect millet prices to decline significantly. The current market conditions suggest that without a resurgence in demand, the downward pressure on prices will continue.

The millet market in Dalian is experiencing a challenging phase, marked by falling grain prices and weak terminal demand. As rice mills operate at reduced rates and wholesalers show limited interest, the market is poised for a potential price decline. Stakeholders must monitor these trends closely and adapt their strategies to navigate the current market landscape effectively. Ensuring market stability and seeking potential demand drivers will be crucial in mitigating the impact of these adverse conditions.