Grains - Grains

Millet: lack of demand puts pressure on prices

March 30, 2022 9:07 AM, Der AUDITOR
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BEIJING. Low buying interest and declining freight costs are causing export prices for Chinese millet to drop significantly. Meanwhile, Germany's imports have fallen by 18% since the beginning of the season.

Export prices come under pressure

In northeast China, local transport capacities are limited and the flow of goods is disrupted. Nevertheless, according to market players, there should be enough millet available on the market to meet demand. Traders also have sufficient stocks for the time being. Due to the low demand, it is not yet necessary to buy more at the current high commodity prices. Trading activity is almost non-existent. For this reason, exporters have recently reduced their prices considerably, and foreign buyers can also look forward to lower freig

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