Dalian Millet Market Faces Supply Pressure Amid Low Off-Season Demand

Low Production Activity in Off-Season

In Dalian, the millet market is currently experiencing a low start-up rate among processing plants during the off-season. This has led to a reduced demand for raw grain, with continued inventory clearing efforts before the fall. However, poor incentives for replenishment have resulted in limited activity, despite favorable conditions for the millet market.

Anticipated Increase in New Season Grain Production

As the new season approaches, total grain production is expected to rise, with the listing time for new millet crops continuing to advance. Farmers and grain merchants are actively preparing to ship their products, leading to increased market supply and noticeable pressure.

Potential Decline in Grain Prices

Driven by the negative factors of supply and demand, there is an expectation that grain prices may decline in the near future. The combination of low off-season demand and the anticipated increase in new season supply is contributing to this downward pressure on prices.

The Dalian millet market is navigating a challenging period as off-season demand remains low and new season production ramps up. With supply pressure building and demand factors unfavorable, stakeholders in the millet market should prepare for potential price declines. Monitoring market trends and adjusting strategies accordingly will be crucial in maintaining stability during this transitional period.