New season millet planting area in Dalian has increased, with favorable moisture conditions leading to successful seedlings. The total autumn output is expected to rise, though market sentiment remains cautious.
Increased Planting Area and Favorable Conditions
This season, Dalian has seen an expansion in the planting area for millet, with favorable moisture conditions contributing to successful seedling growth. As a result, the total autumn output is anticipated to increase, promising a potentially abundant harvest.
Market Sentiment and Operations
Despite the optimistic production outlook, the market sentiment among stakeholders tends to be cautious. Farmers have shown increased enthusiasm for shipping their produce, while grain merchants are focused on managing their inventories. This cautious approach is reflected in the market operations, with an emphasis on maintaining balance amid the expected rise in supplies.
Weak End Demand
One of the significant challenges facing the millet market is the continued weak end demand. Despite the increase in supply, there has been no corresponding boost in market activity. This lack of demand is contributing to the cautious attitude observed among market participants.
Focus on De-stocking
In light of the weak demand, the primary strategy for those dealing in raw grain cereals is to focus on de-stocking. This approach aims to manage the increased market supplies without significantly impacting prices.
The millet market in Dalian is experiencing a unique set of circumstances this season. While favorable planting conditions and increased acreage promise a higher yield, the weak demand and cautious market sentiment pose significant challenges. Stakeholders will need to navigate these conditions carefully. Focusing on inventory management and strategic market operations to maintain stability in the face of fluctuating dynamics.
Current Market Price in FOB China for Chinese Hulled Millet
Product Name |
Chinese Hulled Millet |
| Purity | 99.95% |
| Moisture | 10% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1180-1210/mt – EURO 1090-1118/mt |
| Organic FOB DALIAN | USD 1260-1290/mt – EURO 1164-1192/mt |
| Delivery | 25 days after signing the contract |