News & Updates

Chinese Organic Hulled Millet: Downturn in the market and the risk of falling prices

by | Dec 16, 2021 | Grain, Millet

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DALIAN: The organic millet grassroots surplus is 60% to 70% in most production areas, and the market supply is sufficient. Suppressing goods urges the grassroots grain sources to flow to the intermediate links. Grain vendors, grain merchants and rice mills account for about 20% of the stocks.

The terminal millet market is still indigestion, and wholesalers have no enthusiasm for replenishment. Rice mills do not use raw grains and consume inventory mainly. In the short term, focus on changes in downstream market demand and export orders. If there is a periodic replenishment in the market before the end of the month, organic Millet may increase slightly by then. Market supply pressure is evident, and prices still face the risk of falling prices before downstream demand improves.

Current Market Price in China for organic hulled Millet

Product Name Organic hulled Millet
Purity 99.95%
Moisture 10% max
Package 25kg paper bag
FOB Dalian Usd1420-1460/mt
Delivery 25  days after signing the contract

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