Grains - Grains

Millet: upbeat expectations in China

July 3, 2024 at 12:05 PM , Der AUDITOR
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DALIAN/BRUSSELS. Production prospects are highly encouraging for millet in China. Although Ukraine is the main supplier for the EU, the bloc still heavily relies on Russia as recent import figures show. Sowing in Ukraine has missed the target.

Encouraging crop in China

As the prospects for the new crop are good the pressure is on for producers and traders to sell their old stocks. Trouble, however, is that demand is lacking. Although prices are expected to decline, the current rates may seem rather surprising.

Hulled conventional yellow millet is trading at USD 1,240/mt FOB Dalian and organic millet at USD 1,320/mt FOB Dalian. Prices thereby range on a similar level is in the last few weeks. One issue is that higher freight rates have driven up shipment prices.

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Jul 3, 2024
DALIAN/BRUSSELS. Domestic supplies for buckwheat have dwindled in China. EU imports have declined sharply in 2023/2024. Sowing has witnessed a dip in Ukraine.
Jun 5, 2024
DALIAN/KYIV. By the end of May, millet farmers in Ukraine had sown 75% of the planned acreage. Meanwhile, larger areas under cultivation and good growing conditions in China give hope for an increase in production.
Jun 5, 2024
DALIAN/KYIV. In Ukraine, 22% of the area planted with buckwheat is still outstanding, with 124,800 ha planned in total. In China, market players expect sowing to be lower than initially assumed.