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DALIAN: According to the survey and statistics of Zhuo Chuang Information, about 20% of the organic millet layer of the production area is about 20%, and the market supply is still sufficient. Farmers are actively selling inventory, and the difficulty of loading goods is significantly reduced.

Before the launch of the new millet, wholesalers were mainly destocked. Rice mills lacked new orders, some of them shut down to wait and see, and the amount of raw grain was insufficient. Most grain merchants stopped harvesting, and grain prices continued to decline.

As of August 28, Inner Mongolia Chifeng Aohan Banner Golden Seed Organic Millet Grain merchants quoted 0.87 USD/KG. The average price of gross grains fell by 0.08 USD/KG from the beginning of the month, a cumulative decrease of 10.89%. The price of ageing organic hulled millet has dropped by US$40 per ton this week to US$1.270 per ton.

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 Usd1270/mt
Delivery 25 days after signed the contract

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