Grains - Grains

Millet: weak demand causes prices to fall

December 6, 2021 4:55 PM, Der AUDITOR
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BEIJING. In China, demand for millet is currently so low that many processors have temporarily stopped producing. This is also causing prices to decline.

Prices drop by 20 USD/mt

Demand for Chinese millet is currently rather weak. This is also reflected in the prices, which have fallen by USD 15-20/mt compared to last week. As Chinese market players report, many producers have temporarily stopped their production due to the weak buying interest. Especially the domestic market is showing little demand for supplies for the winter. After all, inventories are also only at a moderate level and exporters can sell at a small profit, although some have unrealistic price expectations. The correlation between supply and demand becomes particularly clear here. Market players reckon that, if buying interest does not increase unexpectedly, prices will tend to fall further. Weather conditions in the growing regions will also play a decisive role in the coming period.

Millet, China

Type

USD/mt

Hulled

1,360

Organic, hulled

1,420

FOB Dalian

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price chart, organic millet, China
price chart, millet, unhulled, green, India
price chart, millet, unhulled, yellow, India
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