Dalian Millet Market Faces Low Demand Amid Increased Supply

Off-Season Challenges for Millet Market

In Dalian, millet mills are experiencing low start-up rates during the off-season, leading to reduced usage of raw grain. Mills are primarily focused on consuming existing inventory, which has negatively impacted the demand side of the grain market.

Increased Grain Production and Supply Chain Activity

The new season’s total grain production is anticipated to increase. With the expectation of falling prices, farmers and grain merchants are actively shipping their products, leading to an increased supply in the circulation chain. This has highlighted the supply and demand imbalance in the market, with grain prices expected to decline as stocks increase.

Downward Trend in Grain Prices

Grain prices in producing areas are showing a downward trend, reducing the cost of arrivals. The demand for millet at the terminal remains weak, with wholesalers showing low enthusiasm for replenishment. This has resulted in sporadic purchasing activities.

Millet Prices and Market Projections

The operational rate of millet processing is low, with some mills undergoing phased shutdowns or overhauls. Given these conditions, millet prices are expected to continue their decline.

The current state of Dalian’s millet market reflects broader economic pressures and supply chain dynamics. As the market adjusts to these factors, stakeholders will need to carefully monitor production and demand trends to navigate potential price fluctuations and operational challenges.