Chinese Hulled Millet: Rainy Weather Affected the Harvest

Hulled Millet

DALIAN: In September, with the increase in the listing of new millet in Northeast China, the price will be in a period of falling adjustment. At present, the inventory of old grains in all aspects of the production area is 35%-40%, and the market supply is loose. From October to November, old grains may flow to the market one after another. At that time, under the influence of the contradiction between supply and demand, the probability of grain price decline is relatively large. It is necessary to pay attention to the changes in the mentality and operation of trade entities.

Organic Hulled Millet

DALIAN: In mid-to-late August, the new millet in Shandong, Henan and Hebei was successively harvested and entered the market. The growth period was affected by abnormal weather such as rain and drought. The color and grain plumpness of spring millet was not good, and the quality of summer millet was normal. The price of new millet was high in the initial stage, and the downstream demand started slowly. With the increase in circulation, the price continued to fall. Continued cloudy and rainy weather at the end of the month affected the harvest of new millet.

Current Market Price in FOB China for Chinese Hulled Millet

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