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Organic Chinese Hulled Millet: There is a risk of falling prices

by | Aug 19, 2021 | Grain, Millet

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DALIAN: Affected by the domestic epidemic, there was a periodical replenishment in the market last week, and the price of old grain rose slightly. However, the demand for terminal millet is weak, wholesalers destock after replenishment, new orders from rice mills are scarce, and the consumption of raw grains is shrinking.

The grass-roots grain supply in the production areas is sufficient, farmers are more motivated to ship goods, and grain merchants have reported stop or lower prices for purchases. This week, the price of grain fell and adjusted. As of August 18, Chifeng Wengniute Banner, Inner Mongolia’s Jiefangying Gold Seedlings and Grains Merchants were quoting 0.43 US dollars/kg, and the price of gross grains fell by 0.01-0.02 US dollars /kg weekly; the local cereals merchants in Tongyu, Baicheng, Jilin The price of goods was 0.7 /kg, gross grain, and the price fell 0.02 US dollars/kg from last week.

Current price charts for millet

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 Usd1290/mt
Delivery 25 days after signed the contract

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