Chinese Organic Hulled Millet: Prices Have Fallen

DALIAN: The staged inventory of Northeast grain merchants in the early stage prompted the flow of grass-roots sources of goods to the intermediate links. As of mid-August, the grassroots grain sources in most production areas were about 20%, the intermediate links in Mongolia and Liaoning were about 15%-20%, and the total proportion of grain sources in each link was 35%-40%, and the market supply was still relatively loose. The launch time of new millet in Northeast China is approaching, the farmers’ reluctance to sell is loosened, and the difficulty of buying goods at the grassroots level is reduced. Grain merchants with low inventory were more motivated to ship, prices fell, and quotations with psychological intentions continued to move downward.

Current Market Price in China for Organic Hulled Millet

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