DALIAN: This month, more than 60% of the grass-roots grain sources in most production areas have a moderate amount of stock in the intermediate links. In addition to the carryover of old grain last year, the market supply pressure is apparent. Over time, the pressure on the funds and warehouses of grain holders has become more apparent, the enthusiasm for selling grain has increased, and the price of psychological shipments has continued to fall. However, downstream demand has not improved, and grain merchants have been slow to deliver goods. If there is an order, both parties will negotiate the price. Due to the different quality of the same variety, there are differences in actual transaction prices.
The demand for terminal millet is weak, wholesalers sell goods sporadically, some consume a small amount of inventory, and there is no enthusiasm for replenishment before the Spring Festival. Insufficient new orders for rice mills, partial suspension of production, shrinking raw grain consumption, and no boost to the market. Pay attention to changes in downstream demand in a week or so. If the market continues to have no replenishment phenomenon, there may still be a risk of a decline in valley prices.
Current Market Price in FOB China for Chinese hulled millet
| Product Name | Chinese Hulled Millet |
| Purity | 99.95 % |
| Moisture | 10 % max |
| Package | 25 kg paper bag |
| FOB Dalian | Usd 1360-1410/mt |
| Delivery | 25 days after signing the contract |