In Dalian, China, the off-season for rice milling sees a predominant focus on raw grain stocking, marked by tepid replenishment enthusiasm. Amidst this scenario, the demand side of the grain market struggles to exert any significant influence, as market dynamics pivot around the dominance of the supply side. Limited supply circulation, coupled with stable costs, underscores the prevailing market conditions.

Supply-Side Dynamics and Price Stability

At this juncture, the supply side emerges as the primary driver dictating changes in grain prices, with market circulation constrained by supply limitations. Despite this, stable purchase prices for raw grain reflect a semblance of equilibrium, with forecasts indicating continued stability in millet prices. However, the subdued market demand fails to provide the much-needed impetus to propel the millet market forward.

As Dalian's grain market navigates the off-season for rice milling, the prevailing narrative revolves around supply-side dominance and muted demand dynamics. While stability characterizes raw grain purchase prices and millet prices in the forecast, the overarching trend remains one of cautious optimism amidst subdued market enthusiasm.

Current Market Price in FOB China for Chinese hulled millet