Price Downturn Risk at Chinese Organic Hulled Millet

DALIAN: The Spring Festival has just ended. This week, the organic millet market has a small transaction volume, and the grain price is generally stable. After the Spring Festival, farmers’ willingness to sell grain is low, and it is more difficult for grassroots to buy goods. The demand in the export market is slow to start, exporters are slow to sell goods, and the pre-inventory is mainly consumed. Consumers continue to consume staple foods such as rice and flour, and the demand for terminal organic millet shrinks. The operating rate of rice mills is low, and the amount of raw grain is insufficient. If there is no improvement in demand next week, it is difficult for grain prices to rise or stabilize. The enthusiasm of farmers and grain merchants to ship goods has gradually increased. In the long run, there is still a risk of a downturn in grain prices, and traders are cautious.

Current Market Price in China for Organic Hulled Millet