Chinese Hulled Millet: There are fewer export orders and prices start to fall

DALIAN: In winter, the demand for millet is weak, exporters are slow to deliver goods, and the enthusiasm for replenishment is poor. New orders from exporters were insufficient and continued to decline, and production was temporarily suspended when there were no orders. The consumption of raw grains has shrunk, and the pre-stocks are mainly consumed.

Grain merchants in the producing areas have been slow to deliver goods, and the phenomenon of stoppages is common, and a small number of tentative purchases are held at low prices. The contradiction between supply and demand in the market is apparent. Before the new round of replenishment, the cost of millet may still be at risk of decline.

Current Market Price in FOB China for Chinese hulled millet