Increased Supply Pressure Amid Active Shipments

The Dalian millet market is anticipating a potential decline in prices next week as farmers and grain merchants actively increase shipments. With the centralized release of remaining grain stocks at both the grassroots and intermediate levels, market supply pressure has risen significantly, leading to concerns about price stability.

Low Demand from Rice Mills

Compounding the issue is the low start rate of off-season rice mills, which has resulted in insufficient demand for raw millet. Many rice mills have halted new purchases to manage existing inventory, contributing to the ongoing weak demand trend in the market. This has created a challenging environment for grain prices, which are expected to face further downward pressure in the coming week.

Market Conditions and Future Outlook

Driven by the negative factors of oversupply and weak demand, the Dalian grain market is likely to experience a continued decline in prices. Traders and producers will need to closely monitor these developments to make informed decisions in a rapidly changing market.

Current Market Price

As of now, the current market price for Chinese hulled millet FOB China remains under scrutiny, with potential adjustments anticipated based on the evolving supply and demand dynamics.

The Dalian millet market is entering a critical period where oversupply and weak demand could drive prices down further. Stakeholders will need to remain vigilant, adapting their strategies to navigate the challenges posed by these market conditions. As the situation develops, the focus will be on managing supply pressures and responding to the low demand from key segments like rice mills.