Increased Millet Production Expected to Lower Prices in Dalian

Anticipation of Price Drop

Total millet production in Dalian is expected to increase in the new season. Under the expectation of falling prices, both farmers and millet merchants are holding onto their shipments, hoping to improve their enthusiasm for sales.

Supply Chain Pressure

The increased production is putting pressure on the supply chain, leading to a higher circulation of millet. This has coincided with the off-season for rice mills, which are operating at low start rates.

Low Consumption and Inventory Build-Up

Original millet consumption is currently insufficient, with most of the product entering the inventory stage. There is a general lack of enthusiasm for replenishment, and new orders from rice mills are insufficient. This has led to partial phased shutdowns or overhauls of some rice mills.

Market Supply and Demand Imbalance

The contradiction between market supply and demand is evident. Given the current trends, it is expected that millet prices will likely decline next week.

The anticipated increase in millet production and the resulting market pressures highlight the challenges facing the millet industry in Dalian. Stakeholders should closely monitor these developments to make informed decisions and prepare for potential price fluctuations.

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