Grains - Grains

Millet: prices might decline further

September 20, 2022 at 12:49 PM, Der AUDITOR
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BEIJING. Despite the arrival of the new crop, demand for millet in the Chinese market remains moderate due to Covid restrictions. Meanwhile, exports to Germany are at a similar level to last year.

Logistical restrictions remain

Due to the coronavirus, there were logistical constraints in Chifeng, a city in northeastern Inner Mongolia, among other places, which affected trading activity. Demand for millet remains moderate in the Chinese market, although the new crop is now available. Market players therefore expect that prices could even decline further.

Meanwhile, export prices also underwent corrections as freight costs are currently easing, according to exporters. The cost of a 20' FCL is said to be USD 3,500-3,700 and market players belie

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