Off-Season Rice Mill Activity Low
Millet prices in Dalian are anticipated to face a decline next week due to several contributing factors. The off-season has seen a reduced start rate for rice mills, leading to insufficient usage of raw grain. This low activity level in rice mills has not provided any significant boost to the grain market demand.
Spring Sowing and Increased Grain Areas
As the spring sowing season comes to an end, there is an expectation of increased grain areas for the new season. This has resulted in farmers gradually loosening their selling mentality, which is conducive to the circulation of grass-roots supplies.
Market Supply and Demand Contradictions
Contradictions between market supply and demand have begun to appear, raising the likelihood of a slight decline in grain prices next week. The anticipated increase in supply, coupled with steady demand, is creating conditions that could lead to lower prices.
Conclusion: Factors Influencing Millet Prices
Several factors could determine whether millet prices will rise, remain stable, or fall in the coming weeks:
Rice Mill Activity:Continued low activity in rice mills could suppress demand for raw grain, exerting downward pressure on prices.
Sowing and Harvest Areas: An increase in the grain area for the new season could lead to higher supply, which might drive prices down if demand does not increase correspondingly.
Farmer Selling Behavior: If farmers continue to loosen their selling mentality, this could increase the market supply and potentially lower prices.
Market Demand: Any significant changes in market demand, whether due to seasonal trends or other factors, will play a critical role in price movements.
Monitoring these elements will be crucial for understanding future price trends in the millet market.
Product Name |
Chinese Hulled Millet |
| Purity | 99.95% |
| Moisture | 10% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1180-1210/mt – EURO 1091-1118/mt |
| Organic FOB DALIAN | USD 1260-1290/mt – EURO 1165-1192/mt |
| Delivery | 25 days after signing the contract |