Chinese Hulled Millet: Unstable Prices

Hulled Millet

DALIAN: The downstream demand began to shift to Chifeng’s new grain, the circulation of Shandong, Hebei and Henan millet increased, and the price was in a downward channel. Inner Mongolia Chifeng’s new millet is in the initial stage of listing. The quality is unstable, the risk of price decline is high, and the rice factories are cautious in purchasing. In the short term, the prices of new millet in Shandong, Henan, Hebei and Chifeng are likely to fall and adjust. The downstream demand may improve in stages in the mid-to-late period, and then it can form a positive support for the price of new millet in Northeast China.

Organic Hulled Millet

DALIAN: The new millet in Inner Mongolia is sporadically harvested and marketed. The quality of the initial supply is unstable and the risk of price drop is high. There are few cases of grain merchants signing contracts with farmers. To reduce market risks as much as possible, rice factories are cautious about replenishment. In the first half of September, the harvest of new millet in Chifeng gradually increased, and the price of millet may still be adjusted. The recent focus on changes in weather and logistics may have an impact on the progress of new grain listings and price fluctuations.

Current Market Price in FOB China for Chinese Hulled Millet