Grains - Grains

Millet: low demand in China

October 11, 2023 at 12:50 PM , Der AUDITOR
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DALIAN/GDANSK. As the Chinese millet market is in the low season, there is little buying interest and hardly any trading is taking place. This is also reflected in the prices. In Poland, meanwhile, the construction of the first grain port is planned.

Sharp price declines

In China, sufficient millet is available, but there is hardly any demand, as market players report. Processors are slow to stock up and usually only buy their raw materials spontaneously when there is interest. This also has a clear impact on prices: Conventional Chinese millet is currently trading at USD 1,190/mt FOB Dalian, which is USD 70/mt less than last month. Organic prices have also dropped noticeably and are at USD 1,260/mt FOB Dalian; the last price was USD 1,320/mt FOB. It should be noted that the Chinese millet market is currently in

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