Stocks to be sold off
Some Chinese millet producers still have high stocks, which they want to sell before the new crop arrives. However, demand is low, which is not unusual for this time of year. While prices are currently still relatively stable, market players expect that there may be minor downward corrections. Conventional hulled millet is currently offered for USD 1,240/mt FOB Dalian, while offers for organic quality are at a level of USD 1,310/mt FOB Dalian.
According to the Ukrainian Ministry of Agriculture, a total of 1.005 million ha had been sown