Millet Field

Chinese Organic Hulled Millet: Inventory Pressure in Off-Season

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DALIAN: Market participants reported that there are sufficient grain sources in the producing areas, coupled with the inventory of intermediate links and the carryover of old grains. The market supply pressure still exists. Temperatures across the country continue to rise, millet has entered a low season for sales, the operating rate of rice factories has declined, and the consumption of raw grain has shrunk. From the perspective of supply and demand, short-term organic millet may have a slight correction, but the room for the decline is limited. The changes in rainfall in the production and the planting area of the new millet will affect the mentality and operation of the market players and thus affect the price fluctuation.

Mintec Global

Current Market Price in China for Organic Hulled Millet

Product Name Organic hulled millet
Purity 99.95%
Moisture 10% max
Package 25kg paper bag
FOB Dalian Usd1380-1420/mt
Delivery 25  days after signing the contract