DALIAN: The demand for terminal millet is weak. The operating rate of rice factories is low, some stages of production are suspended, and the consumption of raw grain is insufficient. The upstream and downstream transaction volume is limited. However, since the planting area of new millet decreased by about 30% year-on-year, farmers and grain merchants had good expectations for the autumn market, and they had a robust price-support mentality, which formed positive support for the price of grain. Pay attention to the downstream demand changes around the month’s end. If there is a phased purchase, the grain merchants who hold the goods may take the initiative to raise the grain price.
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 | Usd1270-1310/mt |
| Delivery | 25 days after signing the contract |