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