Grains - Grains

Millet: Germany increases import volume

August 2, 2023 at 3:29 PM , Der AUDITOR
Play report as audio

DALIAN. Germany has increased its millet imports by around 14% in May 2023, but the seasonal deficit cannot be wiped out. Meanwhile, millet prices are stagnating in China.

Stalemate in the market

The Chinese millet market is in a stalemate. Buyers were looking for lower prices, but growers do not want to accept this for the time being. For this reason, offers have remained at a largely fixed level for several weeks. Hulled millet is still at USD 1,250/mt FOB Dalian, and exporters are still asking USD 1,320/mt FOB for organic millet.

Hulled millet, China

Type

View related articles

Go to the News Overview
Grains
Feb 7, 2024
DALIAN. Large stocks and low demand could put pressure on prices; this is not immediately apparent to foreign buyers due to increased freight costs, nevertheless it is causing concern for Chinese exporters.
Grains
Feb 6, 2024
DALIAN. High freight costs are making buckwheat trade difficult for Chinese exporters. In addition, domestic demand also leaves much to be desired.
Grains
Jan 18, 2024
DALIAN. Imported buckwheat is outperforming the domestic crop in the Chinese market. Meanwhile, the first few months of the new season have seen noticeable shifts in the main sourcing countries for German imports.
Grains
Jan 18, 2024
DALIAN. The Chinese millet market remains quiet in the new year so far. Meanwhile, Germany has increased its imports from Russia massively.