Grains - Grains

Millet: quiet market in China

March 1, 2023 at 12:53 PM , Der AUDITOR
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DALIAN. As usual, the Chinese millet market shows little activity in the weeks after the New Year celebrations. This also affects export prices.

Sales are sluggish

Trading in the Chinese millet market has been sluggish for several weeks now, with traders reporting that hardly any new orders are coming in. "The procurement mentality is cautious at the moment," one Chinese trader describes the situation. Even before the Chinese New Year, there was hardly any trading, and market players had expected the market to remain quiet for several weeks after the festivities. Buyers are only stocking up on the bare necessities, which is also reflected in export prices; they have fallen by USD 30/mt in the last four weeks

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