Chinese Hulled Millet: The Contradiction Between Supply and Demand Is Obvious

DALIAN: The terminal demand for millet has shrunk, and it has been largely replaced by staple foods such as rice and flour. Domestic wholesalers sell goods sporadically, the consumption cycle of a small amount of inventory is prolonged, and the enthusiasm for replenishment is poor. There is a lack of new orders for rice mills, intermittent startups are common, and raw grain consumption is insufficient.

In the short term, we should pay attention to the changes in the mentality and operation of trade entities. If the inventory behavior is difficult to become a common market trend, the price of grain will lack the driving force to rise. The contradiction between supply and demand in the market is obvious, and the price may still be at risk of falling before the end of March.

Current Market Price in FOB China for Chinese Hulled Millet