Chinese Hulled Millet: The price is firm but the risk of a fall still exists

Mintec Global
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DALIAN: Inner Mongolia Tongliao, Liaoning Fuxin, Jilin Baicheng, and Shanxi millet were harvested one after another. The moisture content was relatively high at the initial stage of the market, and the supply of goods at the grassroots level was limited. The gradual improvement in downstream demand has provided favourable support for grain prices. In mid-to-late October, a large number of new grains will be listed in the country. Downstream rice mills will be more flexible in their selection of varieties. Grain prices are still in the adjustment stage before the end of the month, and the risk of a fall still exists.

The export standard gold seedling K1 hulled millet shipping price is 1.32-1.33 US dollars/kg, and the gold seedling and Zhangza No. 13 hulled millet shipping price is 1.28 US dollars/kg, and the price is based on quality. Downstream stocks must be in demand, with daily sales of more than 20 tons of millet and continuous replenishment of raw grains.

Current Market Price in FOB China for Chinese hulled millet 

Product NameChinese Hulled Millet
Purity99.95%
Moisture10% max
Package25kg paper bag
FOB DalianUsd1280-1330/mt
Delivery25  days after signed the contract