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DALIAN: Market participants reported that after the rains in Chifeng, Inner Mongolia, the moisture content of the new millet was too high, making it difficult to harvest, dry, and harvest the grain, and the time to market was delayed. In late August, most rice mills cleared their old grains.

At present, a small amount of old millet is being purchased. Downstream demand has improved. The prices of old grains have risen moderately. However, the prices of new and old grains cannot continue to rise during the transition. After the weather cleared, the new millet went on the market one after another, and the price of new grains may fall and adjust.

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
FOB Dalian Usd1280/mt
Delivery 25  days after signed the contract

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