DALIAN: In June, organic millet in Northeast China showed an upward trend. The planting area of new millet has decreased, and farmers hoped for an increase in old grains, which made it more difficult for grassroots to stock up. There is a certain amount of inventory in the intermediate links. The grain merchants who hold the goods have a strong attitude toward high prices, and a small number of stages have appropriate amounts of inventory. However, the market supply and demand patterns are loose. If traders have no inventory behavior in July, it is difficult for the price of organic millet to rise, or there is a possibility of a slight correction. Pay attention to the growth of new millet and the changes in the mentality and operation of market players.
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 |